His net benefit from attending State College is $40,000 – $20,000, or $20,000. Additionally, his net benefit from attending NoName U is $15,000 minus $0, which equals $15,000. Therefore, if he enrolls in State College, his economic surplus will be at its peak.
What is Economic?
Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively.
The two branches of economics are microeconomics and macroeconomics.
Economics focuses on efficiency in production and exchange.
Learn more about Economic with the help of given link:-
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Answer:
$1,642.83
Explanation:
The amount after four years can be calculated using the formula below
A = P(1 +r)^n
where A= amount
P = Principal amount $1500
r= interest 2.3% or 0.023
n = time in year; 4
A = $1500(1 + 0.023)^4
A= $1500(1.023)^4
A=$1500x 1.095222
A=$1,642.83
Answer: 1) Drawer = B. Writer of the check. A drawer is who signs the check.
2) Drawee = F. payee. The check is in favor of this person.
3) Endorsement = D. transfer the check.
4) Post-dated check = E. future date. It is a check that can be cashed from a future date.
5) Prove cash = C. reconcile the bank statement.
7) Imaged check = A. substitute check.
