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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 market price is $10, marginal revenue is $10 and marginal cost is $10.  What is the price?

Which of the following is true regarding the splicing of introns?  

What type of bond must be made between an incoming dNTP with the RNA primer during the DNA replication reaction catalyzed by DNA polymerase?  

The DNA polymerase reaction is a nucleophilic substitution facilitated by:  

Which statement correctly describes the reaction catalyzed by DNA polymerase III?    

Which statement does NOT describe a fundamental feature of DNA replication?

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

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)

In your opinion, Health insurance companies play a role in public health by: A) Only covering emergency treatments B) Funding public health initiatives and preventive care programs C) Limiting access to preventive services D) Restricting collaboration with public health entities E) Use of advance technologies