Answer:
In France:
Farmer can produce = 10 metric tons of grain or 5 metric tons of dates in a season
In Mali:
Farmer can produce = 10 metric tons of grain or 25 metric tons of dates.
(1) Mali has the absolute advantage in producing dates because Mali produces more metric tons of dates than France from the same level resources.
(2) No country has an absolute advantage in producing grain because same amount of grain were produced by both the countries with the same level of resources.
(3) Opportunity cost of dates in France =
= 2 grain
Opportunity cost of dates in Mali = 
= 0.4 grain
Therefore, Mali's opportunity cost of producing dates is lower than France, so Mali has a comparative advantage in producing dates.
(4) Opportunity cost of grain in France =
= 0.5 dates
Opportunity cost of grain in Mali =
= 2.5 dates
Therefore, France's opportunity cost of producing grains is lower than Mali, so France has a comparative advantage in producing grains.
B You earn interest when you use a charge card but not a credit card.
<span>a) AD shifts left. since we would be spending more but not making more</span>
Answer:
each payment will for 4,320.60 dollars
Explanation:
First, we will calculate the future value of the 30,000 two years from now
then we calcaualtethe annuity present value of this to know the student payment
timeline:
<---//----/-/-/-/-/-/-/-/-/-/-/->
loan student payments
the loan futre value will be:
30,000 x 1.06^{2} = 33708
Now we calculate an annuity-due which 10 payment being made at 6% discount rate
This will be an annuity-due because today we are receiving the loan and in excatly 2 years form now we will start the payment so it will be at the beginning of the period
Annuity-due formula
PV $33,708.00
time 10 years
rate 0.06 discount rate
PTM = $ 4,320.601