<u>Explanation:</u>
One may ask: what is a credit card? In simple words, a credit card is a payment instrument (plastic card) that allows the cardholder to spend money they don't personally own in their account.
Hence, A typical credit card statement would inform me that I made a purchase worth $500, stating
- The Payment Due Date: For example, it may be written that I must have made the credit balance by 31/12/XX. (Note, Failure to do so would in most cases lead to accruing of interest)
- The Minimum payment due: In this case, the $20 signifies a minimum payment that is significant enough to be recorded till the entire $500 balance is covered. However, it is not intended that only that amount be paid each month. If it were to be it would take me 25 months or 2 years 1 month ($500/$20) to complete the balance; which is not the best option likely considering the accrued interest to be paid.
Answer:
Exclusive distribution
Explanation:
Exclusive distribution -
It is the type of distribution , which have some dealers fixed for a specific geographical area , is known as Exclusive distribution .
It is the most restrictive form of distribution , and is majorly adopted by huge companies , who need to deliver to many parts .
Hence , from the question , the manufacturing unit , Caterpillar , uses this distribution method .
<span>It actually depends in every location and there is no right or wrong
answer to this question. The best thing to ask is what is the minimum amount
someone is willing to work for? If a potential employer offers one a job with
$10,000 salary, is that okay? How about $25,000? Again, it all varies. It is up
to both sides to arrive at an agreeable rate.</span>
Answer:
profit maximizing output is 4; $28
Explanation:
Noel’s firm charges the market price for window washing jobs = $30/job
Marginal cost for the 5th unit of output:
= Total cost from 5th unit - Total cost from 4th unit
= $129 - $92
= $37
At 5th level of output, the marginal cost is greater than the market price for window washing jobs.
Therefore, the profit maximizing output is 4.
Profit = (market price × output) - Total cost
= ($30 × 4) - 92
= $120 - $92
= $28
Answer:
new capital adds more to production in a country that doesn't have much capital than in a country that already has much capital
Explanation:
- The catch-up effect is explained by the convergence principle that the rate of growth in the per capita income of poor economies is higher than the rate of growth of the per capita income of rich economies, which ultimately leads to the end of the two economies.
- This theory is supported by the law of low returns because diminished returns are stronger in capital-intensive countries than in capital countries, which cannot be classified as capital-intensive to develop.
- The growth rate of emerging economies is higher than that of developed economies. In addition, the costs of research and development of emerging economies are low because they can simulate technology and processes from developed economies. all economies will transform into a global culture.