FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Let p = the price in dollars charged for the dose of a drug. Suppose that the annual demand (in millions of doses) = 1000

Letp= the price in dollars charged for the dose of a drug. Suppose that the annual demand (in millions of doses) = 1000 - 3p. The annual supply (in millions of doses) = 600 + 2p. The annual supply will equal the annual demand if the price of a dose is ______ dollars.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

China's Water Pollution Problems

China's Water Pollution Problems

Authors: Claudio O Delang

1st Edition

1317209257, 9781317209256

More Books

Students also viewed these Economics questions

Question

★★★★★
Use the sample Y 1 = 8.2, Y 2 = 9.1, Y 3 = 10.6, and Y 4 = 4.9 to calculate the maximum likelihood estimate for in the exponential pdf f Y (y; ) = e y , y 0

Answered: 1 week ago

Question

★★★★★
Use inductive reasoning to predict the next three numbers or figures in the pattern. O.G.0,E)..

Answered: 1 week ago

Question

★★★★★
What functions might this behavior be serving?

Answered: 1 week ago

Question

★★★★★
On May 20, 2015, Montero Co. paid $1,000,000 to acquire 25,000 common shares (10%) of ORD Corp. as a long-term investment. On August 5, 2016, Montero sold one-half of these shares for $625,000. What...

Answered: 1 week ago

Question

★★★★★
You work for a pharmaceutical company that has developed a now drug. The palent on the drug wit last 20 yeans. You expect that the drug's profits wit be $1 millon in is frat year and that this amount...

Answered: 1 week ago

Question

★★★★★
Problem Description You are given a binary tree with n nodes. You need to find the length of the longest slide possible in the tree. Slide is a path from one node to another node where it is possible...

Answered: 1 week ago

Question

★★★★★
"Saeed Al-Ghamdi" is the third employee to enter your office today, expressing his objection to the promotion of "Abdullah Ahmed" to a supervisory position, even though he only spent one year in the...

Answered: 1 week ago

Question

★★★★★
Loyalty to the organization is the paramount duty. It requires the individual to put the interests of the corporation before self-interest. Specifically, no director is permitted to gain personally,...

Answered: 1 week ago

Question

★★★★★
M&M Company manufactures a single product the claud . the following budgeted figures relate to the claud for one year period. Sales & production (units) 800 Sales $16,000 Production Costs: Variable...

Answered: 1 week ago

Question

★★★★★
You delegated the development of dessert recipe cards to Bobby. Bobby has completed the dessert cards ready for the deadline of March 10 th . Bobby has met with you to go through the dessert....

Answered: 1 week ago

Question

★★★★★
Question 19 (3 points) Listen Thames Inc.'s most recent dividend was $2.5 per share (Do = $2.5). The dividend is expected to grow at a rate of 4% per year. The risk-free rate is 3% and the return on...

Answered: 1 week ago

Question

★★★★★
3. List four points that you think are important to give the individual attention, when he or she is going to sell an argument or an idea to you.

Answered: 1 week ago

Question

★★★★★
4. Think of a situation where you would convince someone of an argument or an idea you had. a. What feelings did you want the other person to be left with when you finished? b. When you think about...

Answered: 1 week ago

Question

★★★★★
7. Think of a situation where you felt that you mastered the situation, i.e. where you had a positive feeling of completing the task you were to perform. A. Now develop a picture in your imaginary...

Answered: 1 week ago

Previous Question Next Question