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mel-nik [20]
3 years ago
7

Mike Tyson earned about $200 million over his 15-year boxing career, but by 2003 he was in financial trouble. This is an example

of ______?
A- opportunity cost
B- inflation
C- oversupply
D- unlimited human wants
Business
1 answer:
Naya [18.7K]3 years ago
8 0
Mike Tyson earned $200 million during the time of his boxing career. However, in 2003 he started having financial trouble. In his case, this is an example of unlimited human wants. Mike Tyson would buy things that he really didn't need and homes he would never even live in. He even owned numerous exotic animals, such as bengal tigers. The correct answer is D.
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2 years ago
You have 40 years left until retirement and want to retire with $5 million. Your salary is paid annually, and you will receive $
Marat540 [252]

Answer:

16.67%

Explanation:

Calculation to determine what percentage of your salary must you save each year

First step is to calculate the Annual savings

Annual savings=$5 million*[(10%-3%)/(1+0.1)^40-(1+0.03)^40]

Annual savings=$5 million*0.07/(1.1^40-1.03^40)

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Now let determine the percentage of the salary you must save each year

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Therefore the percentage of your salary that you must save each year is 16.67%

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Korvikt [17]
Is there multiple choice answers
5 0
4 years ago
in a revenue management system, forecasting, allocation, overbooking, and pricing must work in unison if the objective is to:
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<h3>What is a revenue management system?</h3>

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Read more about Revenue Management

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