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Give two main reasons that Canadian prices for generic pharmaceuticals are higher than real acquisition prices and explain why these factors contribute to higher generic drug prices and any solution for this problem?
this product lobby the government’s lawmakers, in terms of this product being an essential for college students but they are considering halting production due to the lack of profits. The lawmakers agree and now set a price floor at $150. What w..
What is the current requirement of the law in the US in terms of the payroll tax levied on firms and workers? Based on our discussion in the previous chapters, what are the empirical estimates of the elasticity of labor supply and labor demand?
You complain that the current labor contract specifies a full hour for your lunch break and you still have over 15 minutes left.
Describe who bears relatively more of the burden of the tax, producers or consumers and illustrate your answer with a diagram.
Calculate the predicted percentage change in tickets sold. Would you expect ticket revenue to rise or fall.
Assuming that all of each firm's $16 fixed cost is sunk, what is a firm's short-run supply curve?. What is the short-run market supply curve? c. Determine the short-run equilibrium price and quantity in this industry.
Compute an appropriate measure of association also decide how to present the results.How might this information involve the advertising approach.
here are many liquid cold medicines, all of which have almost exactly the same ingredients. Yet medicines with brand names that the man recognizes from television commercials are for more than the unadvertised versions. Elucidate in economic terms..
Impact the decrease in the price of land will have on this firm's short run cost curves (short run fixed costs, variable costs also total costs). Elucidate your illustration.
what are factors that determine the volume of production
If you produce plastic spoons and one of the products (like petroleum) required to produce those spoons decreases in price, does the market demand for plastic spoons change? Does market demand for competitors with similar items but made from differen..
Discuss the role of advertising also the desired impact on the industry's demand curve. Contrast this to advertising at the industry level.
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