Eli Lilly and Company holds a patent on the production of the very profitable drug Prozac....
Eli Lilly and Company holds a patent on the production of the very profitable drug Prozac. When Lilly's patent expires in the year 2004, the price of Prozac will most likely...
a. rise
b. fluctuate unpredictably
c. fall
d. remain unchanged
Homework Answers
Ans: fall
Explanation:
When the patent expires, other producers can copy the idea and start producing and selling the product. So, competition starts which result in a fall in the price of the product.
Thus, option [c] is correct answer.
Add Answer to:
Eli Lilly and Company holds a patent on the production of the
very profitable drug Prozac....
Eli Lilly is very excited because sales for his nursery and plant company are expected to...
Eli Lilly is very excited because sales for his nursery and plant company are expected to increase from $570,000 to $1170,000 next year Eli's net assets (assels liabilities) will remain at 50 percent of sales His firm will enjoy an 5 percent return on total sales. He wil begin the year with $100.000 in the bank and is already bragging about the Jaguar and luxury townhouse he will buy a. Does his optimistic outlook for his cash position appear to...
20.00 points Eli Lilly is very excited because sales for his nursery and plant company are...
20.00 points Eli Lilly is very excited because sales for his nursery and plant company are expected to double from $600,000 to $1,200,000 next year. Eli notes that net assets (Assets - Liabilities) will remain at 50 percent of sales. His firm will enjoy an 8 percent return on total sales. He will start the year with $120,000 in the bank and is bragging about the Jaguar and luxury townhouse he will buy. a. Compute his likely cash balance or...
Eli Lilly is very excited because sales for his nursery and plant company are expected to...
Eli Lilly is very excited because sales for his nursery and plant company are expected to double from $520,000 to $1,040,000 next year. Eli notes that net assets (Assets - Liabilities) will remain at 30 percent of sales. His firm will enjoy an 9 percent return on total sales. He will start the year with $120,000 in the bank and is bragging about the Jaguar and luxury townhouse he will buy. 9.1 points a. Compute his likely cash balance or...
and B are complements and the cost of a factor of production used in the production...
and B are complements and the cost of a factor of production used in the production decreases, then the price of of A 34) A) both A and B will fal в) A will fall and the price of Bwill rise. C) both A and B will rise. D) A will fall and the price of B will remain unchanged. E) A will rise and the price of B will fal. 35) The Genitus Software Company has developed with Einstein...
You must analyze a potential new product-a caulking compound that Cory Materials' R&D people developed for use in the residential construction industry. Cory's marketing manager thinks t...
You must analyze a potential new product-a caulking compound that Cory Materials' R&D people developed for use in the residential construction industry. Cory's marketing manager thinks they can sell 115,000 tubes per year at a price of $3.25 each for 3 years, after which the product will be obsolete. The required equipment would cost $150,000, plus another $25,000 for shipping and installation. Current assets (receivables and inventories) would increase by $35,000, while current liabilities (accounts payable and accruals) would rise...
1. Alaa works for a pharmaceutical company that has developed a new drug. The patent on...
1. Alaa works for a pharmaceutical company that has developed a new drug. The patent on the drug will last 17 years. She expects that the drug’s profits will be $2 million in its first year and that this amount will grow at a rate of 5% per year for the next 17 years. Once the patent expires, other pharmaceutical companies will be able to produce the same drug and competition will likely drive profits to zero. What is the...
A country's consumption possibilities frontier can be outside its production possibilities frontier if a
1. A country's consumption possibilities frontier can be outside its production possibilities frontier if a. the country engages in trade. b. the citizens of the country have a greater desire to consume goods and services than do the citizens of other countries. c. the country’s technology is superior to the technologies of other countries.d. All of the above are correct. 2. A production possibilities frontier will be a straight line if a. increasing the production of one good by x...
Welsh Meds Plc Mini Case Welsh Meds Plc is a small but rapidly growing biotechnology company in C...
Welsh Meds Plc Mini Case Welsh Meds Plc is a small but rapidly growing biotechnology company in Cardiff with annual revenues of £115 million. Last year’s net income was £6.38 million. Founded in 2002 by Carwyn Thomas and Geraint Jones with the support of a venture capitalist, the firm’s success has been remarkable. After a three year development phase, thecompany’s breakthrough was brought about by a drug called Enzyme Shield that was designed to treat immune system deficiencies (ISD). To...
In the market for televisions, the price of a television falls and nothing else changes. Price...
In the market for televisions, the price of a television falls and nothing else changes. Price (dollars per television) Show the effect of this change o os Choose between the following Use the single arrow tool to draw an arrow on the demand curve showing the direction of movement along the line OR Use the line tool to draw a new demand curve Only one of the effects is correct, and you must determine which is the appropriate one to...
Lou Lewis, the president of Lewisville Company, has asked you to give him an analysis of the best use of a warehouse th...
Lou Lewis, the president of Lewisville Company, has asked you to give him an analysis of the best use of a warehouse the company owns. a. Lewisville Company is currently leasing the warehouse to another company for $5,600 per month on a year-to-year basis. (Hint. Use the PV function in Excel to calculate, on an after-tax basis, the PV of this stream of monthly rental receipts.) b. The warehouse's estimated sales value is $215,000. A commercial realtor believes that the...
Eli Lilly is very excited because sales for his nursery and plant company are expected to increase from $570,000 to $1170,000 next year Eli's net assets (assels liabilities) will remain at 50 percent of sales His firm will enjoy an 5 percent return on total sales. He wil begin the year with $100.000 in the bank and is already bragging about the Jaguar and luxury townhouse he will buy a. Does his optimistic outlook for his cash position appear to...
20.00 points Eli Lilly is very excited because sales for his nursery and plant company are expected to double from $600,000 to $1,200,000 next year. Eli notes that net assets (Assets - Liabilities) will remain at 50 percent of sales. His firm will enjoy an 8 percent return on total sales. He will start the year with $120,000 in the bank and is bragging about the Jaguar and luxury townhouse he will buy. a. Compute his likely cash balance or...
Eli Lilly is very excited because sales for his nursery and plant company are expected to double from $520,000 to $1,040,000 next year. Eli notes that net assets (Assets - Liabilities) will remain at 30 percent of sales. His firm will enjoy an 9 percent return on total sales. He will start the year with $120,000 in the bank and is bragging about the Jaguar and luxury townhouse he will buy. 9.1 points a. Compute his likely cash balance or...
and B are complements and the cost of a factor of production used in the production decreases, then the price of of A 34) A) both A and B will fal в) A will fall and the price of Bwill rise. C) both A and B will rise. D) A will fall and the price of B will remain unchanged. E) A will rise and the price of B will fal. 35) The Genitus Software Company has developed with Einstein...
You must analyze a potential new product-a caulking compound that Cory Materials' R&D people developed for use in the residential construction industry. Cory's marketing manager thinks they can sell 115,000 tubes per year at a price of $3.25 each for 3 years, after which the product will be obsolete. The required equipment would cost $150,000, plus another $25,000 for shipping and installation. Current assets (receivables and inventories) would increase by $35,000, while current liabilities (accounts payable and accruals) would rise...
In the market for televisions, the price of a television falls and nothing else changes. Price (dollars per television) Show the effect of this change o os Choose between the following Use the single arrow tool to draw an arrow on the demand curve showing the direction of movement along the line OR Use the line tool to draw a new demand curve Only one of the effects is correct, and you must determine which is the appropriate one to...
Lou Lewis, the president of Lewisville Company, has asked you to give him an analysis of the best use of a warehouse the company owns. a. Lewisville Company is currently leasing the warehouse to another company for $5,600 per month on a year-to-year basis. (Hint. Use the PV function in Excel to calculate, on an after-tax basis, the PV of this stream of monthly rental receipts.) b. The warehouse's estimated sales value is $215,000. A commercial realtor believes that the...
Most questions answered within 3 hours.
-
A microwave oven operates at 2.4 GHz with an intensity inside
the oven of 2800 W/m2...
asked 13 minutes ago -
1. If a demand curve is perfectly inelastic and
consumers buy 500 units of the good...
asked 1 hour ago -
Think of a company that is viewing its market too narrowly. What
will be the consequences...
asked 1 hour ago -
The mean time it takes for workers at a factory to insert a
delicate bolt into...
asked 2 hours ago -
A ball is dropped from a rocket that is 350 m above the ground
and rising...
asked 4 hours ago -
Testbank, Question 31 James Water Park Company’s preferred
shares pay an annual dividend of $3.00 per...
asked 4 hours ago -
A steel wire in a piano has a length of 0.680 m and a mass of...
asked 7 hours ago -
Is validity and reliability tested by the following methods of
data analysis:
The questionnaires were coded...
asked 8 hours ago -
whats the relationship between toxoids and clostridium tetani and
botulinum?
asked 8 hours ago -
1)Explain what it means when demand is inelastic?
2) If demand is elastic, total revenue will...
asked 8 hours ago -
Jose is making quarterly contributions of of $210 to his savings
account which pays interest at...
asked 8 hours ago -
Rachel is pushing a box across the floor while Jon, at the same
time, is hoping...
asked 8 hours ago