Answer:
4 baseballs
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
If brain decides to produce softballs, he would be forgoing the opportunity to produce baseballs. The opportunity cost of producing one softball is : 8/2 = 4 baseballs
I hope my answer helps you
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
Answer and explanation:
<em>Forgetting to pay debts has a detrimental effect on the length and interest payment of a loan</em>. The more a consumer falls behind in the repayment of a debt the longer it will take to pay off the total amount owed. Besides, the interest rate is recalculated by the financial institution implying more interest will be paid.
Therefore, forgetting to pay debts must be avoided. <em>Setting automated payments is a good measure to avoid such circumstances.</em>
Answer:
The correct answer is option b.
Explanation:
The bureau of labor statistics collect the data concerning the employment situations in an economy. It provides data on unemployment, types of employment and length of workweek. It comes under the department of labor and produces monthly data on unemployment rate.
It considers people who have a job or are involved in some business as employed. Those people who do not have a job or are not self employed or are not involved in a family business and are looking for work are unemployed.