Answer:
The Nominal Cost to register the car should be $53.
Explanation:
For the first year the data is given as
CPI=150
Nominal Price=$50
Real Income= Nominal Cost / Consumer Price Index
=50/150 = 0.33
Now for the second year as the real income is same as previous year thus
RI=0.33
CPI has increase to 159. Now the nominal cost is given as
Nominal Cost=Real Income * Consumer Price Index
Nominal Cost=0.33 * 159
Nominal Cost=$53
So the Nominal Cost to register the car should be $53.
Answer:
Regarding the laws. The acts of every human being are agreed to be in compliance with the law. But in practice this is not the case so it must be a comparison to what is said by law at each situation that is intended to be judge as ethical or unethical.
The increased use of expensive medical technology is the most important factor leading to rising health care costs in the united states since 1980.
<h3>Why is medical technology so expensive?</h3>
- Due to the high expenditures of clinical trials, research and development, and market variables, medical equipment is quite expensive. A cutting-edge medical technology nearly typically costs more money.
- America's healthcare system has grown more complex. Each insurer has their own specifications. Because of this, hospitals must produce a wide range of documentation according to the patient's insurance company. They are unable to reduce expenses and standardise the procedure.
- The money needed to establish the infrastructure for a private medical college is the cause of the high fees.
- If you are unable to obtain a seat at the government medical college of India, it may be assumed that becoming a doctor in India might be quite expensive.
Learn more about expensive medical technology refer to :
brainly.com/question/20692581
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Answer:
The firms in this industries have dis-economies of scale.
Explanation:
When firms have dis-economies of scale, they experience higher average cost (this means lower productivity) with a rise in the output.
