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An electronic chip is to be implanted in the body. During in vitro (in the lab) testing it is observed that the chip will dissolve over time if exposed to liquid with similar pH to extracellular liquid found in the body. To avoid this, you coat the chip with a polymer layer. This prevents dissolution in vitro but when implanted in the body (in vivo) the chip still dissolves. Give three reasons why the protective coating might fail in vivo but not in vitro.
George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000 T-shirts. What is the demand elasticity? If his marginal cost is
The events X and Y are mutually exclusive. Suppose P(X)=.05 and P(Y) =.02. What is the probability of either X or Y occurring? What is not probability of X nor Y happens?
illustrate and discuss the implications of various market structures (competitive and non-competitive)for price determination.
Given a four sector economy how do you find the budget balanced
Explain whether the following statements are true or false: a) The long run aggregate supply curve is vertical because economic forces do not affect long run aggregate supply.
illustrate and discuss the implications of variou market structures (competitive and noncompetitive) for price determination
Your company has asked you to analyze two mutually exclusive projects for the coming year. Project A will have an initial outlay of $7,200. Project B will cost $6,800. Both project
Trade barriers come in a lot of forms. Quota is one. This is when a country sets a limit to the imported products. This is completed for a number of reasons. One is due to the gove
Project feasibility study is needed to make a decision whether the project proposal is technically and economically possible. After finalization of the project feasibility report b
Discuss whether high indirect taxes are best way to discourage smoking
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