On August 30, 2016, Laura Dimon and Ginger Adams Otis wrote an article for The Daily News under the headline “Protesters gather in NYC to show outrage of skyrocketing EpiPen prices.” The article highlights a controversy that is ongoing as this is typed – the price of potentially life-saving EpiPens has increased fivefold in the decade since Mylan Pharmaceuticals acquired the product. One of the clear economic concepts that the EpiPen controversy demonstrates is elasticity of demand. As Guo (2012) points out discussing price elasticity of demand, the concept is simple. It is intuitive as well. When prices go up ...
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Guo (2012) gives the explanation for the concept of price elasticity of demand. It is simple and, when you think of it, obvious. With a very few exceptions, price increases will drive demand down. Interestingly enough, the controversy over EpiPens in the news today provides a good example of price elasticity of demand. The classic example is a drug addict or the slightly less addicted cigarette smoker. Price was essentially irrelevant to demand to these groups of consumers. The converse condition is also, then, true. Products that are commodities are essentially perfectly price elastic. Gas wars, for example, are ...
The History of Vietnam
The Vietnam War has a major influence on people's perspective of Vietnam as a business environment. In recent years, the Vietnamese economy has been on the rise since 2012. There is a lot of bilateral trade going on between Vietnam and the United States amounting up to over 6 billion USD (UKTI Team in Vietnam, 2013). Vietnam should be considered for business ventures since it offers a large number of opportunities. Vietnam is among the top ten fastest growing economies in the world. The government of Vietnam is also calling for foreign investors to invest in Vietnam in various ...
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ORDER AN ESSAYInitial Patient Assessment
Overview The patient is 67-year-old Mrs. Finch.
She lives with her husband in their marital home.
Recently, she suffered a CVA and had been in the hospital’s rehabilitation ward recovering from her latest episode. Before her CVA, Mrs. Finch had a healthy and active lifestyle.
However, her condition has brought with it numerous other complications including a chest infection.
She is also having difficulty staying mobile due to residual weakness on her left side. She has had a dark wound on her heel for about a week now. This wound keeps deteriorating into the present wound. A series of CVA specific issues such as limited mobility, the risk for infection and reduced nutrition hinders Mrs. Finch’s capacity to heal. Wound ...
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