Limit advertising of pharmaceutical prices

Assignment Help Basic Computer Science
Reference no: EM131893511

A proposal has been advanced to limit advertising of pharmaceutical prices to prevent unfair pricing by national chains. You estimate that limits on price advertising will change the price elasticity of demand from -5.63 to -4.43. The marginal cost of a typical prescription is $40. A typical small pharmacy fills 25 prescriptions per day. A typical consumer fills 20 prescriptions per year. What economic effects will the limit have on consumers and on pharmacists? Which group is likely to be the more effective advocate for its position?

Reference no: EM131893511

Questions Cloud

What output of milk maximizes profits : Assume that the cheese and milk markets are perfectly competitive. What output of milk maximizes profits?
Government policy that acts as an automatic stabilizer : Explain a government policy that acts as an automatic stabilizer. Explain why the policy has this effect.
Analyze implications of changes in project scheduling : Evaluate application of project management techniques in terms of the firm's business operational goals and requirements.
In what instances do christians forbid the use of images : What reasons were given by Islamic doctrine for the exclusion of icons? In what instances do Christians forbid the use of images?
Limit advertising of pharmaceutical prices : A proposal has been advanced to limit advertising of pharmaceutical prices to prevent unfair pricing by national chains.
What is the maximum operating cost per hour : what is the maximum operating cost per hour at which the Super X could run to make it equally desirable to the Process 1000?
Describe each element and integrating into your analyses : Describing each element and integrating into your analyses comparisons to object(s) we have studied in the textbook or in lecture from the PowerPoints.
At what number of workers does stage iii begin : Suppose you have the short run production function estimated to be:
Calculate point price elasticity of demand for bearing : Last month, Rick's Bike Shop, Inc. increased the price on the 24 ounce can of bearing grease by 1%. In response, sales dropped by 4%.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Values on the other side

Solve the equation -24x - 4y + 32 = 0 for y. Hint: Remember to do this we have to get the y by itself on one side of the equation and all the other values on the other side

  Draw a flowchart or write pseudocodeto

Draw a flowchart or write pseudocodeto represent the logic of a program that allows the user to enter two values. The program outputs the product of the two values.

  What challenges does this present for inheritance hierachy

The class at the top of the hierarchy should provide a constructor that takes at least one argument (i.e., do not provide a default constructor). What challenges does this present for the inheritance hierarchy?

  How do you invoke a static method

How are static methods different from non-static methods? How do you invoke a static method? Give an example of a static method.

  Successful mapped network drive

Why is that a successful mapped network drive disappear every time you boot the computer?

  Explain to the organization the potential threats

Explain to the organization the potential threats in their software environments. Describe the various protection efforts available against each threat.

  Protecting networks and users

Protecting Networks and Users is a very important topic, especially today with all of the breaches and hacks that have been reported in the media.

  What is a suitable network design for an office space

What is a suitable network design for an office space with 4 cubicles, 1 office, 1 server room, conference room.  The design has a web server, file server, regular server with 6 computers, 3 color printers, and needs high speed internet and wireless ..

  Range of acceptable power dissipation for package

what is the range of acceptable power dissipation for the package? Display your results graphically, showing also the effect of variations in the emissivity by considering values of 0.20 and 0.30.

  Write findmin and findmax methods for the avltree class

Using the Timing class, compare the times for the methods implemented in Exercise 1 to the same methods in the BinarySearchTree class. Your test program should insert a sorted list of approximately 100 randomly generated integers into the two tree..

  Discuss the kind of information

Discuss the kind of information you would look for in order to make the forecast and also bring out the significance of demand forecasting.

  What are some other uses for the break statement

How about using a break in a switch statement, show how you can really have a problem if you skip the break statement in a switch.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd