Economics Health Sector

4. Firms that discover a new drug (or purchase rights to someone else's discovery) typically apply for and receive a patent on that drug from the government in each country in which the drug might be sold, before going through the expensive and time-consuming development and testing process to bring it to market. These R&D costs can be very large, sometimes in the tens or even hundreds of millions. (Drug companies overstate them, but they are large.) The patent makes it illegal for any other firm to sell that drug without the patent-holder's permission-granting a monopoly on the sales of patented drug. Would-be competitors must either purchase the right to sell the same drug- if the patent-h... click for more

Managerial Economics

I need help with these questions. Which of the following enhances the ability of waste companies to collude? a) decals on waste receptacles b) high interest rates c) differentiated nature of products d) large number of firms When a worker announces that he plans to quit, say next month, the "threat" of being fired has no bite. The worker may find it in his interest to shirk. What can the manager do to overcome this problem? a) "Fire" the worker as soon as he announces his plans to quit. b) Provide the worker some rewards for good work that extend beyond the termination of employment with your firm. c) Monitor the worker more frequently than usual and f... click for more

Matching: Certain accounting assumption, principle, or constraint are given and they have to be matched with the the situations that follow.

Certain accounting assumption, principle, or constraint are given and they have to be matched with the the situations that follow. Identify by number the accounting assumptions, principle, or constraint that describes each situation below. Do not use a number more than once. 1) Economic entity assumption 2) Going concern assumption 3) Monetary Unit assumption 4) Time period assumption 5) Full disclosure principle 6) Revenue recognition principle 7) Matching principle 8) Cost principle 9) Materiality 10) Conservatism (a) Repair tools are expensed when purchased. These repair tools have useful life of more than one accounting period (do not use cons... click for more

developments in demand and supply; oligopolistic market

Question 1: analyze developments in demand and supply in the past few years in a market known to you (e.g. where you worked or a housmg market known to you). Include in your analysis an explanation of the determinants of demand and supply, recent changes in demand and supply, elasticity of demand and supply, and the impacts of government intervention, if any. Question 2: In an oligopolistic market known to you discuss / analyse the development of the price level in the past few years. Have the prices been stable or instable? Do the prices of the different companies move together in the same direction and with the same magnitude, or have the prices diverged? Describe the fac... click for more

Equilibrium Price/Output Combination

I am trying to solve this problem: (Supply) Qs= 4000p (Demand) Qd= 1,500,000-2000P I already solved for P=$250 and Q=1,000,000 But now I am having trouble solving part two of this problem. It is asking that based on the same supply and demand conditions stated above, to calculate the new monopoly equilibrium price/output combination. I am confusing myself with this problem, can anyone please help me out. Thanks,