Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 1 Day Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Economics Posted 27 Jun 2018 My Price 3.00

general public

Your firm spent $100 million developing a new drug. It has now been approved for sale, and each pill costs $1 to manufacture. Your market research suggests that the price elasticity of demand in the general public is −1.1.

What price do you charge the public and what would happen to profits if you charged twice as much.What role does the $100 million in development costs play in your pricing decision.Medicaid agency has made a take it or leave it offer of $2 per pill. Do you accept?

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Jun 2018 10:06 PM My Price 3.00

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