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Q. According to a study by Tufts University, cost of developing a new prescription drug was $802 million in 2001. According to study, for every 5,000 chemical compounds that are tested on animals as medications, only five are tested on humans and of these only one is approved for sale. Also, it typically takes 12 years on average for a new drug to reach market. In addition, increases in costs of human clinical trials have been increasing at 12 percent per year. Using information given: What is average cost of first do these of a new drug? What about marginal cost of subsequent doses? Is this consistent with behaviour of costs for an information product?
On average your client recieves 1%in annual simple interest in the foreign country. Explain to the client how the move would benefit savings.
illustrate what wage would a monopoly union demand. Explain how many workers would be employed under union contract.
illustrate what price should it charge and how many DVDs should it order from each supplier.
Explain how the circular flow diagram relates to the current economic situation.
Calculate the percentage change in nominal GDP, real GDP, and the GDP deáator in 2006 and 2007 from the preceding year. For each year, identify the variable that does not change. Explain in words why your answer makes sense.
Assume that the marketplace for sweaters is perfectly competitive. The future value of a deposit in a savings account will be larger
You observe a positive relationship between price that your store charges for CDs and total revenue from CDs. Is demand for your CDs elastic or inelastic.
Daily demand for admission tickets can be written as P = 36 - 0.05Q so that MR = 36 - 0.1Q, where P is the price of a ticket and MR is the marginal revenue. Elucidate at what price will CPT sell admission tickets to maximize its profit.
The equations representing demand as well as, inverse demand as well as, supply as well as inverse supply are as follows.
Price higher in monopoly market. Bigger quantity in perfect competition. How can a firm gain by reducing competition.
Calculate the trade balance among the U.S. also China for the period. Analysis by using appropriate examples.
The overarching reason of a measurement system should be to help a team, rather than senior managers, gauge its progress.
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