Answer:
Compound Interest works in a continuous pattern.
The formula is x = 100*(1.09)^y
x = the amount received after interest.
y = the number of years
x = 100*(1.09)^9
x = $217.19
It would take 9 years for the initial deposit to reach $200
Answer:
B
Explanation:
It demonstrates law of diminishing returns. The law of diminishing marginal returns states that adding an additional factor of production results in smaller increases in output.
please give thanks by clicking heart button :)
1.answer - fales
2.answer - fales
3.McDonald's
4.answer - 3 (The owners of the company.....)
Answer:
Option (c) is correct.
Explanation:
Marginal utility refers to the additional utility that a consumer can get from consuming additional units.
Law of diminishing marginal utility states that as a consumer consumes more and more quantity of goods, then the additional utility drive from each extra unit of the goods goes on diminishing.
The consumption is assumed to be continuous.
Answer:
D: unlimited wants and needs.
Explanation:
The resources we require to meet our basic everyday need and wants seems to be never enough. Resources are valuable things used to satisfy people's needs and wants, such as land, tools, money, time, and materials. The nature of resources is that there are limited in supply.
Scarcity is a state of not having sufficient resources to satisfy needs and wants. Due to scarcity, individuals, firms, and countries must prioritize their needs and wants. They have to devise a formula that guides the allocation of limited resources to meet insatiable needs. Scarcity requires prudent use of the few resources to address the needs and wants of community members.