Recently, pfizer and allergan – the makers of viagra and botox, respectively – initiated a $160 billion merger. pharmaceutical companies tend to spend a greater percentage of sales on r& d activities than other industries. the government encourages these r& d activities by granting companies patents for drugs approved by the food and drug administration. for instance, allergan spent large sums of money developing its popular wrinkle-removing neurotoxin, botox, which is currently protected under a patent. botox sells for about $15 per vial. calculate the lerner index if the marginal cost of producing botox is $1.50 per vial. does the lerner index make sense in this situation? no, it is not possible to have a lerner index this high. yes, allergan has a patent-protected monopoly. no, a lerner index this high is not consistent with profit maximization

Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next

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Why is accountability important in managing safety