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Olegator [25]
3 years ago
10

A sponsor proposes research to evaluate reengineering a commercially available pacemaker. It is hoped that the new pacemaker wil

l pose fewer risks to individuals when compared to the current commercially available product. How should this device be classified?
a. Significant risk deviceb. non-significant risk device
Business
1 answer:
Dafna1 [17]3 years ago
8 0

This device has been classified as Significant risk device.

a. Significant risk device

<u>Explanation:</u>

Significant risk devices may incorporate inserts, devices that help or continue human life and device that are considered significant in diagnosing, restoring, alleviating or treating a malady or in forestalling impedance to human wellbeing. It permits an investigational device to be utilized so as to gather wellbeing and adequacy information required to help a premarket endorsement accommodation for Food and Drug. So this device has been classified as a Significant risk device.

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A business plan should be rewritten every three to five years<br> true<br> false
Kisachek [45]
The answer would be True.
6 0
3 years ago
Read 2 more answers
. The income elasticity of demand for medical care is 1.35. This implies that: a. if income decreases by 1%, the quantity demand
Andre45 [30]

Answer:

The correct answer is a).

Explanation:

The income elasticity of demand refers to the percentual variation of quantity demanded of a certaing good in response to a percentual variation in income.

If the income elasticity of demand for medical care is 1.35,

<em>a. if income decreases by 1%, the quantity demanded for medical care decreases by 1.35%.</em> TRUE, this is what the definition implies.

<em>b. if the price of medical care increases by 1%, the quantity demanded for medical care decreases by 1.35%. </em>FALSE. In this elasticity, the sign is relevant. This income elasticity implies that changes in income and medical care expenses have the same sign.

<em>c. if the income of the average consumer increases by 1 dollar, the quantity demanded for medical care will increase by 1.35 units of care.</em> FALSE. The elasticity relates percentual variations, not absolute value variations.

<em>d. if income increases by 1%, the quantity demanded for medical care decreases by 1.35%.</em> FALSE. The same as point b.

5 0
3 years ago
Ivanhoe Company purchased a new machine on October 1, 2017, at a cost of $77,980. The company estimated that the machine has a s
Marysya12 [62]

Answer:

Depreciation for

2017 = $2,540

2018 = $10,160

Explanation:

Provided, Total cost of the machine = $77,980

Estimated salvage value = $6,860

Therefore, value to be depreciated = $77,980 - $6,860 = $71,120

Total life of asset = 7 years

Depreciation for the year 2017 = October to December = 3 months

\frac{71,120}{7} \times \frac{3}{12} = $2,540

Depreciation for the year 2018 = \frac{71,120}{7} = $10,160

Under straight line method depreciation is fixed for each year, but in the given case in 2017 the asset is used only for 3 months, thus depreciation will be charged for 3 months only.

Final Answer

Depreciation for

2017 = $2,540

2018 = $10,160

7 0
3 years ago
The following shows annual production costs and profits at Gauss-Jordan Sneakers, Inc. A - B - C - D Production Costs : 2004 - 2
mars1129 [50]

Answer:

   A                              B              C               D

Production Costs :    2004   -   2005   -   2006

Gauss Grip :             $2,300 -  $2,700  -  $2,900

Air Gauss :                $1,900 -   $2,200 -  $1,700

Gauss Gel :               $2,000 -  $2,500 -  $1,800

Profit :                          2004   -   2005   -   2006

Gauss Grip :             $12,000 - $16,000 - $18,000

Air Gauss :               $10,000 - $14,000 -  $16,000

Gauss Gel :              $11,000  - $16,000 - $14,000

As we know:

Revenue = Cost + Profit

*Proper Matrix format is also attached in the picture with this answer.

Production Costs :    2004  2005  2006

                                  \left[\begin{array}{ccc}2300&2700&2900\\1900&2200&1700\\2000&2500&1800\end{array}\right]

Profit :                         2004  2005  2006

                                \left[\begin{array}{ccc}12000&16000&18000\\10000&14000&16000\\11000&16000&14000\end{array}\right]

Revenue :         2004               2005               2006

                  \left[\begin{array}{ccc}2300+12000&2700+16000&2900+18000\\1900+10000&2200+14000&1700+16000\\2000+11000&2500+16000&1800+14000\end{array}\right]

Revenue :                2004   2005   2006

                             \left[\begin{array}{ccc}14300&18700&20900\\11900&16200&17700\\13000&18500&15800\end{array}\right]

4 0
3 years ago
Price ceilings may be imposed if: A. suppliers can make strong moral or political arguments for higher prices. B. demanders can
Nat2105 [25]

Answer:

C. Demanders can make strong moral or political arguments for lower prices.

Explanation:

This explained as a legal price limit set by the government on the sellers in a way to be a protection means to the buyers. This will general control some serial hike and outrageous price on some goods and services.

Its effects are of different types; firstly, price ceiling can create huge market efficiencies in a long run and also causes hoarding of products and springing up of black markets and other hook and crook forms of marketing and this is known to cause unrest in the supply side. When these keeps pulling on, it has a negative effect on the economy of the said nation.

6 0
3 years ago
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