Answer: B. Jean
Explanation:
Having Absolute Advantage in the production of a good means that you can produce more of that good given the same resources or at least the same Quantity as others given lower resources.
From the scenario above therefore, Jean has the Absolute Advantage in producing Cakes as Jean can bake 12 cakes in an hour while Vincent can only bake 10.
Answer:
Derived demand
Explanation:
Derived demand occurs when a good is requested not for benefits they directly provide, but for their contribution to another product.
For example capital, land, labour, and raw materials are demanded for their role in producing a final product.
So they can be seen as goods that have derived demand.
When they demand for the final product increases the good that has derived demand also increases, and vice versa.
Answer:
89.63% of 2nd month payment will go towards the payment of principal.
Explanation:
Loan Payament per month = r ( PV ) / 1 - ( 1 + r )^-n
r = rate per period = 12% per year = 1% per month
n = number months = 12 months
PV = present value of all payments = $82,500
P = payment per month = ?
P = 1% ( $82,500 ) / 1 - ( 1 + 1% )^-12
P = $7,330 per month
Month Payments Principal Interest Balance
1 -7330 -6505 -825 75995
2 -7330 -6570 -760 69,425
Percentage of Principal Payment = Principal payment / totla monthly payment = $6,570 / $7,330 = 0.8963 = 89.63%
Answer:
A
Explanation:
if its wrong than forsure d
