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 A
B) Drug B
C) Drug C
D) none of the drugs
C) Drug C
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Assume that the Danish krone [DKK] price of one British pound is DKK 10.5 . If it costs 45 pounds per day to rent a car in London and DKK 480.5 to do so in Copenhagen, which of the following is true?
a. The cost of renting a car is the same in both cities. b. The cost of renting a car is DKK 8 less in London. c. The cost of renting a car is DKK 45.76 less in London. d. The cost of renting a car is DKK 10.67 more in Copenhagen. e. The cost of renting a car is DKK 4.28 less in London.
Contractionary monetary policy tends to:
A. raise U.S. prices, make exports cheaper relative to imports, and raise the value of the dollar. B. raise U.S. prices, make exports more expensive relative to imports, and lower the value of the dollar. C. lower U.S. prices, make exports cheaper relative to imports, and raise the value of the dollar. D. lower U.S. prices, make exports more expensive relative to imports, and lower the value of the dollar.
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.
When the government develops policies to stabilize the economy:
A. these policies are unaffected by the multiplier effect. B. only expansionary fiscal policy is impacted by the multiplier effect. C. it needs to consider the multiplier effect for all fiscal policies. D. only contractionary fiscal policy is impacted by the multiplier effect.