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Question: A start-up venture owns the rights to new technology for a coated stent. The company is about to begin animal trials that could lead to FDA approval of the use of the stent in humans. The company could conduct those trials in two different ways (for coronary applications and for neurological applications) at some individual cost over just coronary applications. That would allow the company the option, later in the FDA process, to split the technology and go forward with two separate stents, to proceed with either of the two separate stents, or to proceed with a stent that could be used in both applications (and thus a lower likelihood of approval). If the option were taken later to split into two separate stents, each stent would have independent paths to approval. Structure how the company should think about the worth of pursuing the early studies for both applications.
Make up your own linear programming problem involving the constrained maximization of an objective function with two variables and at least two constraints.
Calculate the present worth of the following geometric series cash flow: Annual interest Rate =8.19 %, Annual cash flow increases 21% each year, The first year value is $85 and the series is 8 yrs long.
Draw the Normal Form of the game Alice and Bob are playing, be sure to label the game completely - Does either player have a dominant strategy and What is the marginal cost for both firms?
He attempts to stock whatever remains but cannot stock more than 40 units-units in excess of 40 are discarded at no additional cost and with no salvage value. How many units should the retailer order each month?
Suppose you have the following information about a demand curve. What is the equilibrium price and quantity? Determine consumer surplus for this market. Determine producer surplus for this market
employees who are represented by a uion are paid approximately 30 more in terms of pay and benefits costs than
What was the Neolithic Revolution. Explain
In a classic article, Stanford University professor Kenneth Arrow argued that the market for medical care is inherently flawed because of asymmetric information. In what follows, I am going to embellish on the argument, making it even more forceful t..
Determine the fixed cost for the bakery, complete the table and plot the marginal and average cost curves and describe the relationship between the curves.
Millbridge Hospital buys 10.000 boxes of latex gloves every year. Each box costs the hospital $7 dollars. What are the total ordering and carrying costs at the EGO (economic order quantity)? Contrast these costs at the EDO to the total cost if all ..
Normal 0 false false false EN-US X-NONE X-NONE What is the capitalized c..
Identify and describe the four sources of unemployment and the four types of unemployment. For each type of unemployment, indicate if public policy can be used to reduce the incidence of that kind of unemployment, and if so, indicate what policies..
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