A firm in a competitive market is operating with an economic loss in the long run.  What would one expect?

Forty (30) points total, ten (10) points each.  Answer three (3) only. Please answered in the boxes below. Describe the law of diminishing marginal returns (product). How does that relate to cost? What are economies of scale and diseconomies of scale? You are responsible developing pricing strategy for a major company. You learn that one your products has an inelastic demand and the other has an elastic demand.  In order to increase revenue what changes to pricing would you propose.  Explain your reasoning. What are entry barriers?  How does their presence or lack of effect long run economic profits? How does the relationship between price and marginal revenue change if an industry is a monopoly rather than perfectly competitive?  

The DNA polymerase reaction is a nucleophilic substitution facilitated by:  

What is the DNA polymerase III clamp loader and why is it essential for DNA replication processivity?

Which of the following modifications are made to eukaryotic tRNA transcripts?   

Match the vocabulary words to the correct defiinition. 

Which age group generally accounts for the highest healthcare costs in national health expenditure data? A) Children under 18, healthy B) Adults ages 18–44, non-smokers C) Adults ages 45–64, active and up-to-date with nutrition D) Adults ages 65 and older with pre-existing comorbid conditions

In your opinion local health departments are primarily responsible for: A) Overseeing international health threats B) Managing and delivering public health services within communities C) Creating federal health regulations D) Funding all public health initiatives nationwide

In our discussion, which type of health insurance plan generally has the most restrictive network but lower out-of-pocket costs? A) Health Maintenance Organization (HMO) B) Preferred Provider Organization (PPO) C) High-Deductible Health Plan (HDHP) D) Point of Service (POS)

One way the private sector contributes to public health is through, Clue: think of the COVID19 Pandemic: A) Providing private emergency care B) Developing and distributing vaccines C) Limiting public health information access D) Overseeing local health departments