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koban [17]
3 years ago
8

Suppose that a country has the resources to produce 3 million cars & 100 million tons of iron ore every year. why is it a pr

oblem if the country produces 2 million cars and 75 million tons of iron ore one year?
Business
1 answer:
Nadusha1986 [10]3 years ago
6 0

If a country has the capacity to produce 3 million cars and 100 million tons of ion ore, but is only able to produce 2 million cars and 75 million tones of ire one, the country is underutilizing it's natural resources and productivity.


In business terms, the country has the capacity to produce over 1 million more cars and 25 million tones of more iron ore. The country is losing out on billions of dollars of revenue.

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Alexander has been accepted as a freshman at a college two hundred miles from his home for the fall semester. Alexander's wealth
irga5000 [103]

Answer:

Yes.  

Alexander is an intended third party beneficiary of the contract between Michael and Jackson Auto Sales.

Explanation:

In the law of contracts, Alexander becomes a third-party beneficiary of the contract between Michael and Jackson Auto Sales, and he has the right to sue in the contract notwithstanding that he was not an active party to the contract.  Some of the factors that may be present to show that a Alexander is an intended beneficiary are: (1) the contract's performance is rendered directly to Alexander; (2) Alexander has rights to control the details of the performance; or (3) there is an express designation in the contract, e.g. the title to the car is in Alexander's name.

3 0
3 years ago
Miller owns a personal residence with a fair market value of $380,900 and an outstanding first mortgage of $304,720, which was u
Romashka [77]

Answer:

$304,720

Explanation:

According to the IRS, qualified principal residence indebtedness may include:

1)  Debt incurred in order to purchase, build or improve your house or main residence, and the debt is secured by the house or principal residence (mortgage).

Or

2) Any house debt in (1) that is refinanced in order to improve, build or purchase something of your house or principal residence, e.g. you refinance your mortgage in order to build a swimming pool. The loan balance cannot exceed the original mortgage.

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6 0
3 years ago
Using this table, calculate the marginal cost of each of
alexandr402 [8]

Answer:

See below

Explanation:

Marginal cost is the additional expenses incurred in producing one more unit of output. Marginal cost is the expenses associated with the production of one extra unit.

In this case, there will be marginal costs in producing the first item. There is no extra unit in the first unit. Marginal costs will be zero. The second item's marginal cost will be the difference between the cost of the second and the first item.

First bike

=0

The fourth bike:

=Forth bike - third bike

=$130 -$110

= $20

The sixth bike

=sixth - fifth

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The seventh bike

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=$60

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In a few sentences, explain how a credit score affects creditworthiness and the cost of credit.
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A credit score is the number that is assigned to the lenders that measure how well they are able to pay a debt. Credit scores are affected by how the previous loans were paid as well the amount of the loan. Late payments, short term loans, and small loans will result to a low credit score.
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