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I am Lyosha [343]
3 years ago
8

A student bought a used car for $10,000 and resold it one year later for $6,500. insurance, license, and operating costs for the

year were $1,500. what was his economic cost of owning and operating the car for the year if the market rate of interest was 10 percent?
Business
1 answer:
Illusion [34]3 years ago
4 0
Nojeejjejduduhddhdhdjdjf
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HELP PLEASE HURRY!!!! Is it fair to restrict people's ability to work based on their age? Why or why not? Justify your answer.
7nadin3 [17]
Yes, it is fair. Younger people (Below 18) need to focus more on school. Work can take their attention off of school. And without school they wont be able to get a better job. Plus younger people can only work part time due to child labor. Most workers below 18 also have parents  that's job is to feed and care for them, which means they do not even need to work until they are over 18. most people that work under the age of 18 is just for the fact of having money, not because they need it to live.
3 0
3 years ago
Read 2 more answers
Which of the following statements is correct?
Kamila [148]

Answer:

The correct answer is d. Different economic models employ different sets of assumptions.

Explanation:

To approach the study of economic reality it is necessary, in some way, to simplify it; keep certain variables under control. Precisely for this, it is that economic models are built.

Economic models are built on principles of departure, called "assumptions." Such assumptions fulfill the same role as the postulates in geometry. That is:

  1. They are not subject to deduction from other more basic principles.
  2. They are "reasonably" true but not necessarily verifiable.
  3. They function as premises in the logical structure to deduce the conclusions and correlations found in the lowest levels of generality.

We can say then, that the theoretical explanations refer to invisible "relationships", whose existence is proposed by the theory, and whose implications are logically deduced, and then corroborated by observations. They consist of:

  1. Assumptions (eg subjects want to maximize their earnings).
  2. Relevant variables (eg price and quantity).
  3. Binding hypothesis (eg quantity demanded based on price).
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5 0
3 years ago
Which of the following hitches are allowed home depot
IceJOKER [234]
Post a picture or something because that doesn’t make any sense
5 0
3 years ago
5.
rosijanka [135]
195x6=1170, so he will have 1170 dollars in his college fund by senior year
6 0
2 years ago
Jamie works as a salesperson at a car dealership. He takes his sales very seriously. After selling a car to a customer, he waits
Alika [10]

Answer:

cognitive dissonance

Explanation:

Cognitive dissonance -

It is a type of mental stress which is felt by a person , who have two or more contradictory ideas or beliefs regarding any action , is known as cognitive dissonance .

This problem increases due to any new idea or new approach .

hence , from the question , Jamie , being a good salesperson ,  after selling the car , wait at least for a week and then call the customer to to insure them for their good decision .

Hence , Jamie is trying to reduce cognitive dissonance .

7 0
3 years ago
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