The correct answer is B and D.
B. Credit cards.
D. Personal loans.
Unsecured loans are not backed by collateral. Based on the financial history is how the lender decides if someone qualifies for a loan.
If someone defaults on unsecured loan then the lender can not take your property automatically.
Example of unsecured loans include, student loan, personal loan, and credit cards.
The unsecured loan is not good because the APR is higher than the secured one reason being there is no assets which underlines for the creditor to stop if someone does not pay.
120 per week, per dish washer
240 per week for employed dishwashers
3,000/240
12.5 weeks
Answer:
The primary difference between those two concepts is focus that each term has. The first one focus on the relationship between the level of production and the level of return. While the second one focus on the relationship between the level of production and the amount of factors used for that production.
Explanation:
One the one hand, the law of diminishing marginal returns is a concept known in the microeconomics theory due to the fact that it establishes the relationship between the productivity and the income for every aspect of it. Meaning that, when the productivity increases because of the increase of only one factor of production then the income will start to slowly decrease, confirming that when only one factor is increased the production will start to be incomplete and the return will decrease for that.
On the other hand, the law of diminishing marginal rate of technical substitution indicates the relationship between the level of output and the different factor used to produce. Meaning that, it shows how to keep the level of output the same while making changes in the amount of factors used.
2
In numerical form on the left and written out on amount line
