Refer to the table below. If the senior manager learns that either a Good or Poor market will exist when the drug is introduced to the market, which drug should the senior manager not pursue?
The senior manager of Rx Pharmaceuticals needs to decide which of three drugs the company should consider developing. The estimated profit for each of the drugs differs depending on the market conditions when the respective drugs are introduced to the market. The above table summarizes the estimated profit for each drug under each of the three market conditions; Good, Fair, and Poor.
A) Drug Y
B) Drug X
C) Drug Z
D) all of the drugs
B) Drug X
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Which of the following is not an example of price discrimination?
a. Senior citizen discount at the movies b. Grocery coupons c. Shipping a package further costs more d. Charging a higher price for ice-cream during the summer and a lower price in the winter
Which of the following is not a source of productivity gain?
A. An increase in population. B. An increase in the ratio of capital to labor. C. Development of better capital equipment and products. D. Better use of resources in the production process.
Which of the following is likely to occur if OPEC increases the amount of oil it supplies and domestic energy prices fall, ceteris paribus?
A. Aggregate supply will decrease or shift to the left. B. Aggregate supply will increase or shift to the right. C. Aggregate demand will increase or shift to the right. D. Aggregate demand will decrease or shift to the left.
A merger between U.S. Steel and General Motors would be an example of a
A) vertical merger. B) horizontal merger. C) conglomerate merger. D) conspiracy in restraint of trade.