Answer: False
Explanation:
The process of Amortization spreads out a loan into a series of fixed payments over time.
The borrower essentially pays the both the loan's interest and it's principal in varying amounts per month but the total payment is the same.
During the beginning of the loan repayment schedule, interest costs are known to be highest and only a small portion of the balance/principal is paid.
The statement is therefore FALSE.
If you need any clarification or have any questions please feel free to comment or react. Thank you.
Answer:
location-based social networking is the correct answer.
Explanation:
Answer:
The correct answer is: increase relative to Industry B.
Explanation:
The marginal revenue product measures the conribution of each additional unit of input employed in the production process. It is calculated as the product of price of product and marginal product of input.
The profit maximizing level of wage is when the marginal revenue product of labor is equal to wages.
Suppose there are two goods, A and B respectively.
When the price of good A increases relative to good B, the marginal revenue product of labor employed in production of good B will increase as well.
This will cause the wage rate of those workers to increase in comparison to workers in industry B.
That is true. Good luck on your future endeavors.
