Homework Answers
Qn part a)
Dr Feelgood's cold remedy is now prescription drugs do the pharmaceutical firm may get it patent and increase the price since sale is not as widespread as over the counter drug. So price will definitely increase.
Pharmaceutical firm may be in profit by patenting the drug.
Qn part b) with introduction to the new drug old drug face competition so pharmaceutical firm should decrease it's price and increase sale .it should compete to get formularies then prices will be high pharmaceutical firm will get profit because of increase sales since these drugs will come under insurance.
Add Answer to:
Illustrate and explain the effects of the following changes on the demand for the given prescription...
Supply and Demand Practice Exercises In each of the following instances, illustrate (and label) the initial...
Supply and Demand Practice Exercises In each of the following instances, illustrate (and label) the initial equilibrium position (price and quantity exchanged) for the specified market. And then illustrate and label the new equilibrium price and quantity exchanged. 1. Product N is a normal good. Now there is a 2. Goods G and H are consumer substitute goods. Now the price of good H rises substantially. Analyze the impact on G (that is, G's new price and sales) 3. Good...
please examine the model and illustrate how the chart changes (supply and demand shift) with the...
please examine the model and illustrate how the chart changes
(supply and demand shift) with the hurricane and the news of eating
the apple causing cancer. Please also answer the bottom two
questions regarding the new equilibrium price and quantity.
B1. Examine the model below. This concerns the apple market. Suppose the market equilibrium price is established at Mp. Illustrate, and then explain (below by circling the correct response) the likely results (supply and demand) of a hurricane in that...
A pharmaceutical firm faces the following monthly demands in the U.S. and Mexican markets for its...
A pharmaceutical firm faces the following monthly demands in the U.S. and Mexican markets for its only patented drug: Q(U.S.) = 300,000 - 5,000P(U.S.) Q(Mex) = 240,000 - 8,000P(Mex) where quantities Q represent the number of prescriptions per month and the prices P are denominated in U.S. dollars (i.e., the Mexican demand has already been adjusted for the dollar/peso exchange rate). The marginal cost of the drug is constant at $2 per prescription in both markets. The firms monthly overhead...
How do you explain the success of Lenovo? What lessons can be learned? How can a...
How do you explain the success of Lenovo? What lessons can be
learned?
How can a Chinese company create an image of quality when many
Chinese products are perceived as lacking quality?
In your opinion can Lenovo beat Apple through lower margins and
prices and still maintain a broad product line? What would be
necessary to make this happen?
CASE 12 LENOVO After purchasing IBM's personal computer business in 2005 the relatively small computer maker, Lenovo, seemed like an unlikely...
Please read the following article: Your Google Searches Could Help the FDA Find Drug Side Effects...
Please read the following article: Your Google Searches Could Help the FDA Find Drug Side Effects The Food and Drug Administration is talking to Google about how the search engine could help the agency identify previously unknown side effects of medications. Agency officials held a conference call on June 9 with a senior Google researcher who co-wrote a 2013 paper about using search query data to identify adverse drug reactions, according to a record of the meeting posted to the...
EXHIBIT 2 Unofficially Dangerous? Drug Side Effects Title: Author: Adam Liptak Source: New York Times, March...
EXHIBIT 2 Unofficially Dangerous? Drug Side Effects Title: Author: Adam Liptak Source: New York Times, March 23, 2011, http://www.nytimes.com/2011/03/23 Supreme Court Rules against Zicam Maker health/23bizcourt.html The following is an extract from a New York Times article on Zicam The Supreme Court unanimously ruled on Tuesday that investors suing a drug company for securities fraud may rely on its failure to disclose scattered reports of adverse affects [sic] from an over-the- counter cold remedy that fell short of statistical significance....
Week 5 Discussion Group - Case Study #1 A full term female neonate was born to...
Week 5
Discussion Group - Case Study #1
A full term female
neonate was born to a 21-year-old woman. The baby was found to have
icterus at 4 hr. after birth. Upon noticing this, several
laboratory tests were ordered.
The patient Patient's
blood smear
Normal Blood smear for
comparison
Laboratory Test
Results:
The neonate’s red
cells typed B, Rh+, while the mother’s red cells typed O, Rh=.
A blood smear showed
changes typical of hemolysis.
A screen for...
1 any cost item be given special attention Explain 2. 3 Moleno Company produces a single...
1 any cost item be given special attention Explain 2. 3 Moleno Company produces a single product and uses a standard cost system. The normal production volume 120,000 units; each unit requires five direct labor hours at standard. Overhead is applied on the basis of direct labor hours. The budgeted overhcad for the coming year is as follows $2,160,000 440,000 FOH During the year, Moleno produced 118,600 units, worked 592,300 direct labor hours, and incurred actual fixed overhead costs of...
Twenty-five years ago, tofu was available only from small businesses operating in predominantly Asian sections of...
Twenty-five years ago, tofu was available only from small businesses operating in predominantly Asian sections of large cities. Today tofu has become popular as a high-protein health food and is widely available in supermarkets throughout the United States. At the same time, tofu production has evolved to become factory-based using modern food-processing technologies Using the graph below, show how the tofu market has changed over the last 25 years. Instruction: Click on and drag one or both of the lines...
Attempts: Average: 1 4 6. Elasticity and total revenue The following graph shows the daily demand...
Attempts: Average: 1 4 6. Elasticity and total revenue The following graph shows the daily demand curve for bikes in Denver. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 300 275 250 225 a 200 Total Revenue We were unable to transcribe this imageWe were unable to transcribe this imageS 1740 1500 t 1260 1020 o 25 50...
Supply and Demand Practice Exercises In each of the following instances, illustrate (and label) the initial equilibrium position (price and quantity exchanged) for the specified market. And then illustrate and label the new equilibrium price and quantity exchanged. 1. Product N is a normal good. Now there is a 2. Goods G and H are consumer substitute goods. Now the price of good H rises substantially. Analyze the impact on G (that is, G's new price and sales) 3. Good...
please examine the model and illustrate how the chart changes
(supply and demand shift) with the hurricane and the news of eating
the apple causing cancer. Please also answer the bottom two
questions regarding the new equilibrium price and quantity.
B1. Examine the model below. This concerns the apple market. Suppose the market equilibrium price is established at Mp. Illustrate, and then explain (below by circling the correct response) the likely results (supply and demand) of a hurricane in that...
How do you explain the success of Lenovo? What lessons can be
learned?
How can a Chinese company create an image of quality when many
Chinese products are perceived as lacking quality?
In your opinion can Lenovo beat Apple through lower margins and
prices and still maintain a broad product line? What would be
necessary to make this happen?
CASE 12 LENOVO After purchasing IBM's personal computer business in 2005 the relatively small computer maker, Lenovo, seemed like an unlikely...
EXHIBIT 2 Unofficially Dangerous? Drug Side Effects Title: Author: Adam Liptak Source: New York Times, March 23, 2011, http://www.nytimes.com/2011/03/23 Supreme Court Rules against Zicam Maker health/23bizcourt.html The following is an extract from a New York Times article on Zicam The Supreme Court unanimously ruled on Tuesday that investors suing a drug company for securities fraud may rely on its failure to disclose scattered reports of adverse affects [sic] from an over-the- counter cold remedy that fell short of statistical significance....
Week 5
Discussion Group - Case Study #1
A full term female
neonate was born to a 21-year-old woman. The baby was found to have
icterus at 4 hr. after birth. Upon noticing this, several
laboratory tests were ordered.
The patient Patient's
blood smear
Normal Blood smear for
comparison
Laboratory Test
Results:
The neonate’s red
cells typed B, Rh+, while the mother’s red cells typed O, Rh=.
A blood smear showed
changes typical of hemolysis.
A screen for...
1 any cost item be given special attention Explain 2. 3 Moleno Company produces a single product and uses a standard cost system. The normal production volume 120,000 units; each unit requires five direct labor hours at standard. Overhead is applied on the basis of direct labor hours. The budgeted overhcad for the coming year is as follows $2,160,000 440,000 FOH During the year, Moleno produced 118,600 units, worked 592,300 direct labor hours, and incurred actual fixed overhead costs of...
Twenty-five years ago, tofu was available only from small businesses operating in predominantly Asian sections of large cities. Today tofu has become popular as a high-protein health food and is widely available in supermarkets throughout the United States. At the same time, tofu production has evolved to become factory-based using modern food-processing technologies Using the graph below, show how the tofu market has changed over the last 25 years. Instruction: Click on and drag one or both of the lines...
Attempts: Average: 1 4 6. Elasticity and total revenue The following graph shows the daily demand curve for bikes in Denver. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 300 275 250 225 a 200 Total Revenue We were unable to transcribe this imageWe were unable to transcribe this imageS 1740 1500 t 1260 1020 o 25 50...
Most questions answered within 3 hours.
-
Write a chemical equation for these reactions. (Use
the lowest possible whole number coefficients.) Include
states-of-matter...
asked 5 minutes ago -
For each of the Z-scores below, determine two probabilities
(show four three decimal places): (1) the...
asked 40 minutes ago -
Oxidative phosphorylation is achieved through chemiosmotic
coupling, which turns chemical energy into osmotic potential energy
that...
asked 3 hours ago -
Hollywood Shoes would like to maintain their cash account at a
minimum level of $64,000, but...
asked 3 hours ago -
Proteins CtrA-P, DnaA, and GcrA behave similarly to what
molecule in the Eukaryotic Cell Cycle?
asked 3 hours ago -
TRUE OR FALSE
In case of a competitive tender procedure, in the request for
quotation, the...
asked 3 hours ago -
I am a little behind please provide some explanation, will
provide thumbs up.
This question considers...
asked 3 hours ago -
Let say the utility function as U(X,Y) = lnX + Y. Show that the
marginal rate...
asked 3 hours ago -
A current of I=8.0A is flowing in a typical extension cord of
length L=3.00m. The cord...
asked 3 hours ago -
1. When balancing the equation H2SO4 (aq) + NaOH (aq) →
Na2SO4(aq) + H2O(aq), would you...
asked 4 hours ago -
Provide a definition of “classification hierarchy” and
illustrate your definition with an example of how and...
asked 4 hours ago -
1. Describe the four main green solvents. Provide one example of
the use of each solvent....
asked 4 hours ago