Answer:
D. Both b) and c) are correct.
Explanation:
Consumer surplus is the difference between the total profit we get from service and its market price. This means that the first unit to acquire we value it highly but as we acquire additional units our valuation falls. However, the price we pay for any unit is always the same.
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Answer:
The difference is that the original jurisdiction is where the case begins and the appellate jurisdiction is when the court reviews another court's decision.
Explanation:
Original jurisdiction refers to the right of the court to hear the case first and appellate jurisdiction refers to the right of a higher court to review a court's decision.
Answer:
The report, Futurology: the new home in 2050, commissioned by the NHBC Foundation, which provides research and guidance to support the house-building industry, looks ahead three decades and foresees radical adjustments to house building design, inspired by new technology, population shifts and climate change. The report suggests that demographic changes, such as a rapid increase in the number of elderly people and the worsening issue of young people unable to afford to leave home, will drive demand for multi-generational accommodation. More homes will be designed with flexible layouts to suit different generations, which can be adapted as families’ needs change. Inspired by the need for more urban housing in already densely populated areas, future design will produce homes with smaller footprints, but with more storeys, using balcony and roof space to provide outdoor space. Architects may draw inspiration from good compact design, such as in boats or caravans, to produce more “micro-living” options for single people. More innovation will be used when designing “third age” homes for people over 65, reflecting demand for accommodation with lifts, level access and communal activities, whilst retaining privacy and a sense of ownership. By 2050, technology will transform homes into collectors and storers of energy, with electricity, now generated by non-fossil fuel, most likely to be used to heat homes and hot water. Electric cars will be commonplace with every property equipped with a charging point. The future home will manage its energy use from a centralised platform, combining heating, electrical consumption, ventilation and vehicle charging. As energy efficiency becomes ever more important, ideas currently used in workplaces will become standard in home
Explanation:
