1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Trava [24]
3 years ago
10

You are the manager of a small pharmaceutical company that received a patent on a new drug three years ago. Despite strong sales

($150 million last year) and a low marginal cost of producing the product ($0.55 per pill), your company has yet to show a profit from selling the drug. This is, in part, due to the fact that the company spent $1.6 billion developing the drug and obtaining FDA approval. An economist has estimated that, at the current price of $1.50 per pill, the own price elasticity of demand for the drug is -2.5.
Based on this information, what can you do to boost profits?

a. Raise price.
b. Reduce price.
c. Keep price the same.
Business
2 answers:
MissTica3 years ago
8 0
B reduce prices! Hopefully it helps
Stella [2.4K]3 years ago
8 0
The answer is B. hope this helped
You might be interested in
data includes information collected from national tv ratings, mystery shopper experiences, and neuromarketing techniques collect
Naddik [55]

The technique used for collecting information collected is known as  Primary observational. Therefore, Option 3 is the correct choice.

<h3>What is Primary observational?</h3>

This approach of  Primary observational entails going outside and observing while gathering information using your five senses. Anywhere a person establishes a particular set of criteria, features, or characteristics and then examines something for those features or characteristics is where observation is used as a primary research method.

Therefore, The technique used for collecting information collected is known as  Primary observational. Option 3 is the correct choice.

Learn more about Primary observational:

brainly.com/question/4754248

#SPJ4

"Your question is incomplete, probably the complete question/missing part is:"

A) Secondary external

B) Secondary internal

C) Primary observational

D) Primary questionnaire

6 0
2 years ago
Based on economic and social measures of development, the United States is considered a __________ country.
harkovskaia [24]
B. Developed country
3 0
3 years ago
Read 2 more answers
Assuming a binding price floor, the more inelastic the supply and the demand curves are, the:1'smaller the shortage a price floo
KATRIN_1 [288]

Answer:

Option "3" is the correct answer.

Explanation:

Inelastic demand curve depict when there's no evident increase in demand due to an increase in price.

3 0
3 years ago
Read 2 more answers
A proposed project has an initial cost of $38,000 and cash inflows of $12,300, $24,200, and $16,100 for years 1 through 3, respe
In-s [12.5K]

Answer:

IRR is greater than required return by 17.38 - 16.8 % = 0.58 %

so project will accept

Explanation:

given data

initial cost = $38,000

cash inflows year 1 =  $12,300

cash inflows year 2= $24,200

cash inflows year 3 = $16,100

rate of return = 16.8 %

solution

we consider here IRR is = x so

present value of inflows is equal to present value of outflows   .............1

we can say that it as

initial cost = present value

3800 = \frac{12300}{1*x} +\frac{24200}{(1*x)^2} +\frac{16100}{(1*x)^3}

solve it we get

x = 17.38%

here IRR is greater than required return by 17.38 - 16.8 % = 0.58 %

so project will accept

4 0
3 years ago
Whose responsibility is it to provide you with training required by OSHA standards?
dolphi86 [110]

Answer:

Your employer

Explanation:

As per the OSHA laws and regulations, it is the responsibility of the employers to train their employees. The employer is expected to ensure that all employees are familiar with all hazardous situations in the workplace.  As the name suggests, OSHA advocates for training on safety and health aspects in the workplace.

OSHA requires that employees that deal with hazardous chemicals and equipment be trained first before using them. Equipment that may result is body injurious are categorized as dangerous. They range from ladders, electrical appliances to heavy plant machinery.

3 0
3 years ago
Other questions:
  • Suppose over the last year that the price of iron ore increased from $1,200 a ton to $1,275 a ton. over the same time a measure
    8·1 answer
  • It is standard procedure to reject a job offer during the interview so you do not waste the time of the interviewer.
    8·1 answer
  • Which loan type requires you to make loan payments while you’re attending school?
    8·1 answer
  • Leather ShopLeather Shop earned net income of $57,000 after deducting depreciation of $5,000 and all other expenses. Current ass
    13·1 answer
  • This is 1 question do not delete, mods. how am I supposed to separate a connect the lines thing without knowing the answers
    15·1 answer
  • An employee stock ownership plan denies employees the right to participate in votes by shareholders even if the stock is registe
    6·1 answer
  • Suppose two types of consumers buy suits. Consumers of type A will pay $100 for a coat and $50 for pants. Consumers of type B wi
    8·1 answer
  • Your customer is implementing Oracle Procurement Cloud applications with multiple Requisition Business Units. Each Business Unit
    5·1 answer
  • Treasury stock represents ______. (Check all that apply.) Multiple select question. stock issued in exchange for treasury bills
    9·1 answer
  • A firm has a debt-to-equity ratio of 0.50. Its cost of debt is 10%. Its overall cost of capital is14%. What is its cost of equit
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!