What are the options to choose from?
Answer:
AFC = 
MC = 
TC
AVC = 
AC = 
Explanation:
The cost function is given as 
.
The fixed cost here is 9, it will not be affected by the level of output.
The variable cost is 
.
AFC = 
MC = TC
MC =
MC = 2q
AVC =
AVC = 
AVC = q
AC =
AC = ![\frac{[tex]C=9+q^{2}](https://tex.z-dn.net/?f=%5Cfrac%7B%5Btex%5DC%3D9%2Bq%5E%7B2%7D)
}{q}[/tex]
AC = 
Answer:
12.88%
Explanation:
Angela's disposable income $2,368
monthly expenses including recreational expenses ($2,127)
net cash flow $241
after expenses are reduced by $64, her net cash flow will increase to $305
Angela's monthly savings rate = (net cash flow / disposable income) x 100 = $305 / $2,368 = 12.88%
A person's savings rate is how much money they save (do not spend) compared to their total disposable income.
Answer:
27.14 months
Explanation:
to calculate how long it will take to pay the loan, we can use an excel spreadsheet and the NPER function:
=NPER(rate,payment,-loan)
- payment = 630
- rate = 1.03
- loan balance = 14,850
=NPER(1.03%,630,14850) = 27.14 months
