Increasing opportunity cost along a bowed-out production possibilities frontier occurs because <u>of the scarcity of factors of production</u>.
The law of increasing opportunity cost holds that as an economic system moves alongside its manufacturing opportunities curve inside the path of producing extra of a particularly appropriate, the possibility fee of additional devices of that truth will increase.
The opportunity cost is time spent analyzing and that money to spend on something else. A farmer chooses to plant wheat; the opportunity fee is planting an extraordinary crop or a trade use of the sources (land and farm gadget). A commuter takes the train to work as opposed to riding.
Opportunity cost is an economic time period that refers back to the cost of what you have to give up that allows you to pick something else. In a nutshell, it is the cost of the street not taken.
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Answer:
Kyle will have in five years from now 2,501.26 dollars for his investment on certificate of deposit.
Explanation:
We need to calcualte the future value of a lump sum:
Principal $ 2,200
time 5 years
rate 2.6% = 2.6/100 = 0.02600
Amount 2,501.26
In a case whereby China and india require that when foreign firms enter into joint ventures with local firms, the local partners must have the controlling ownership stake, and this illustrate a Local content law.
<h3>What is Local content law?</h3>
Local content law can be described as the law that measure the local content requirements and they are policies imposed by governments that make the firms to use domestically-manufactured goods.
Hence , in the In a case whereby China and india require that when foreign firms enter into joint ventures with local firms, the local partners must have the controlling ownership stake, and this illustrate a Local content law.
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Answer:
The correct answer is Cash to Close number
Explanation:
Closing disclosure is the disclosure which provided by the lender to the person 3 days before closing. It states the final costs as well as the terms of the mortgage.
And the amount of money which is required to close so that loan can be processed is referred to as the Cash to close number. In other words, it is the amount needed to bring the table for closing the deal involving the closing cost and down payment.
The expenditures such as the medicaid programs represent about 5 percent of the cost of health care.
<h3>What is medicaid?</h3>
This is an insurance program that is done as a health coverage to millions of Americans in the United States.
The insurance helps to trake care of the costs of health care for the people that are unable to afford health care.
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