On January 1, 2019, Wasson Company purchased a delivery vehicle costing $47,550. The vehicle has an estimated 7-year life and a
$4,500 residual value. Wasson uses the units-of-production depreciation method and Wasson estimates that the vehicle will be driven 105,000 miles. What is the vehicle's book value as of December 31, 2020, assuming the vehicle was driven 10,500 miles during 2019 and driven 18,500 miles during 2020
The answer is sociocultural dimension. This dimension is
being defined as somewhat the individual all access to progress, completion and
even obstacles in which is one way of putting importance to it as this shows an
individual’s way of encompassing factors that may go in his or her way.
d. the monetary base decreases, loans decrease, and the money supply decreases.
Explanation:
In the case when the federal reserve reduce the reserve of the bank via open market operation so it would be resulted in decrease in the monetary base, reduction in the loan and the reduction in the money supply. Overall, all three things would be decrease
Therefore as per the given situation, the option d is correct
The answers are It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers. And It is true that without government regulation, natural monopolies can earn positive profit in the short run.
Explanation:
It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers.
Without government regulation, natural monopolies can earn positive profit in the short run. It is a true statement.
