Drug companies tend to attribute higher drug prices on
A. high litigation costs on drugs that are ultimately shown to be dangerous.
B. the low percentage of attempts that actually result in revenue producing drugs and high litigation costs on drugs that are ultimately shown to be dangerous.
C. doctors distributing too many free samples.
D. the low percentage of attempts that actually result in revenue producing drugs.
Answer: B
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What is meant by senior debt?
A) debt that has been around for the longest period of time B) debt that must be paid before junior debt is paid C) debt owed to the federal government D) debt issued by the federal government as opposed to states or corporations
At the optimal consumption bundle, the marginal rate of substitution of leisure for consumption is equal to
A) the real wage and the budget line is tangent to an indifference curve. B) minus the real wage and the budget line is tangent to the indifference curve. C) the real wage and the budget line intersects the indifference curve. D) minus the real wage and the budget line intersects the indifference curve.
If minimum efficient scale is small relative to the maximum potential market,
a. relatively large firms will have a cost advantage over relatively small firms b. the market price will be low c. relatively small firms will have a cost advantage over relatively large firms d. the market price will be high e. only one firm will survive in the long run.
A scatter diagram could help a policy maker decide on the size of a tax cut necessary to increase consumer expenditures by a certain amount
a. True b. False Indicate whether the statement is true or false