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You are the manager of an organization in America that distributes blood to hospitals in all 50 states and the District of Columbia. A recent report indicates that nearly 50 Americans contract HIV each year through blood transfusions. Although every pint of blood donated in the United States undergoes a battery of nine different tests, existing screening methods can detect only the antibodies produced by the body's immune system-not foreign agents in the blood. Since it takes weeks or even months for these antibodies to build up in the blood, newly infected HIV donors can pass along the virus through blood that has passed existing screening tests. Happily, researchers have developed a series of new tests aimed at detecting and removing infections from donated blood before it is used in transfusions. The obvious benefit of these tests is the reduced incidence of the infection through blood transfusions. The report indicates that the current price of decontaminated blood is $80 per pint. However, if the new screening methods are adopted, the demand and supply for decontaminated blood will change to Qd = 175 - P and Qs = 2P - 200. What price do you expect to prevail if the new screening methods are adopted? How many units of blood will be used in the United States? What is the level of consumer and producer surplus?
Discuss why the cost structure associated with many kinds of information products and services might imply a market supplied through a small number of large companies.
One of your relatives advices to you that our nation should stop trading with other nations because imports take away jobs and lower our national well-being.
Suppose that the exchange rate adjusts so that interst-rate party holds. Suppose also that the interest rate on a one-year German bond is 7 percent and the interest rate on a one -year U.S. bond is 4 percent. What is the exchange rate today.
If the college had to charge the same tuition to all students, would it accept lowhincome applicant?
You will write a short 350-500-word report on this issue and post it on the discussion board during your assigned week. You should include two discussion questions at the end for your classmates.
what will be the impact on American business, in terms of how businesses create value by integrating the production and distribution of goods, services, and information?
begin to think like an economist and analyze what accounts for the GDP numbers of the U.S. China, India, and Turkey. That is, which one of the four components of GDP did you find in your research accounts for the growth rates of these nations? Als..
Environmentalists discuss that the trade liberalization harms the environment. The decisions of World Trade Organization in particular have been the subject of much criticism.
Russia, Iran and Qatar made the first serious moves Tuesday toward forming an OPEC-style cartel on natural gas, raising concerns that Moscow could boost its influence over energy markets spanning from Europe to South Asia Such an alliance would ha..
Discuss the differences among horizontal, vertical, and conglomerate mergers and what are real-world examples of each type of merger.
Analyze how the different forces will come together to create a convergence between the interests of stockholders and managers. Speculate about the implications for the goals of the firm as to whether to maximize the industry's profits or to create..
What are some relative advantages and disadvantages of using smaller local partners vs a large local partner and are there countries where Microsoft's strategy might not work
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