Answer:
The correct answer is D. not able to be calculated from the information given.
Explanation:
The consumer surplus is the gap between the maximum price that the consumer is willing to pay and the price the consumer actually pay.
So, in this case, to get consumer surplus , we have to know the price that Mister Smith was willing to pay and the price he actually paid. We only have the price he paid and we don't know how much he was willing to pay.
Then , we are not able to calculate consumer surplus with the information given.
Increasing over the last ten years.
<span>To hospital staff, the answer to the question about "heroic measures" tells them what the patient and/or the next of kin will accept as 'standard of care' in the treatment of that patient in the event of a life-threatening state. Most facilities will break it down further to 1. no heroic measures to be taken at all,, 2 hydration and pain relief only, 3 hydration, feeding, and pain relief. and 4. all possible measures taken. In the parlance of today's world, this document may be called an End of Life Directive, Living Will, Do Not Resusitate Order, or Medical Power of Attorney. It all boils down to this-how much effort will be required from the facility by the patient or family to avoid liability for the death of the patient?</span>
Answer:
Year 1 - $192,000
Year 2 - = $153,600
Year 3 - $122,880
Explanation:
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life) = 2 x (1/10) = 0.2
Depreciation expense in the first year = 0.2 x $960,000 = $192,000
Book value at the beginning of year 2 = $960,000 - $192,000 = $768,000
Depreciation expense in year 2 = 0.2 x $768,000 = $153,600
Book value in year 3 = $768,000 - $153,600 = $614,400
Depreciation expense in year 3 = 0.2 x $614,400 = $122,880
I hope my answer helps you
Answer:
B. An oligopoly
Explanation:
An oligopoly is characterised by a few firms operating in an industry. The babysitters came together to set price in collusion. Collusion is a characteristic of an oligopoly.
Also the babysitters set the market price for their goods. This is a characteristic of an oligopoly.
A purely competitive industry is when there are many buyers and sellers of homogenous goods and services. Firms are price takers. They have no influence over the market price. Price is set by the forces of demand and supply.
A monopoly is when there is only one firm operating in an industry.
A monopolistic competition is when there are many buyers and sellers of differentiated goods. Firms set the market price of their good.
I hope my answer helps you