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Using supply and demand and competitive analyses, explain what happens to a pharmaceutical company’s revenues and profits from an individual drug once it loses its patent protection. Then identify at least one strategy the company can use to mitigate the losses; be sure to support your suggestion using economic analysis.
What does price elasticity of demand tell us about the impact of a price increase on total revenue? What are some goods with highly inelastic price elasticity of demand and how does governmental taxing policy take advantage of that?
Does financial market contagion explain the spread of the East Asian crisis during 1997–1998? Were countries in Asia innocent victims of irrational capital markets? How much blame should they take for the Asian crisis? Was the IMF's response to the c..
The investors in exercise 2 are surprised by firm's performance in year 5. Instead of being $20 million, the firm's profits are $40 million. What happens to firm B's stock price in year 6 and 7?
What are price indexes design to measure? Out-line how they are constructed. When GDP and other income figures are compared across time periods?
A. On 10 June 2015 CNN Money reported that a bird flu outbreak resulted in 35 million of the more than 300 million egg-laying birds in the country being killed. The following questions explore the effects of this event on the market for eggs in a car..
The types of quantitative research are descriptive, correlational, quasi-experimental, and experimental. How do these research types differ relative to the influence of bias, control, and manipulation? Is it possible to conduct true experimental rese..
Show the tangency points of producing some output Q in two countries with identical technology and cost. Country A has higher wage rate compared to Country B. but country B has higher price of capital than Country A, why are the capital ratios differ..
How did Adam Smith justify the new economic system which was later to be called capitalism? Explain the difference between a movement along a demand curve and a shift in the demand curve. Briefly explain and graphically present four factors that can ..
A medical doctor who specializes in a particular field (e.g., surgery) generally earns more than a general practitioner because
The four fundamental factors that affect the supply of and demand for investment capital – which affect interest rates – are investment opportunities, time preferences for consumption, risk, and inflation. Explain how each of these factors affects th..
People “by their own toil keep in existence a reality which enslaves them in ever greater degree”. Explain what this statement means in your own words. Do you think this is true in the US in 2015? Explain your answer.
Ordinary least- squares method or the two- satge least squares method for estimating industry demand for rutabagas.
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