Answer:
D. the interest rate banks charge each other for overnight loans.
Explanation:
The Federal reserve requires banks to maintain a certain minimum amount on their local Federal bank account or in their vaults each night. The remaining amount can be lent out to the public or to other commercial banks. However, if a bank is running short of funds at the end of the day, they can borrow from another bank at the overnight federal fund rate before the business opens the next day.
When you are shopping for a loan, the ANNUAL PERCENTAGE RATE is the important rate to compare. This is because, comparing the annual percentage rate is the best way to accurately determine the loan that will cost you more in the long run.
Answer:
The correct answer is "she should work 16 hours per week at daycare center to earn $136.00"
Explanation:
Pham can earn at the college bookstore
$9 dollars per hour x 15 hours per week she can spend
$9 x 15 = $135
At a café she can earn
= $12 dollars per hour x 6 hours per week
=$12 x 6 = $72
At a garage she can earn
= $10 dollars per hour x 5 hours per week
= $10*5 = $50.
At a daycare center she can earn
= $8.50 dollars per hour x 16 hours per week
= $8.50*16 = $136.
If her goal is to maximize the amount of money she can make each week,
she should work 16 hours per week at daycare center to earn $136.00
Answer:
The value of the marginal rate of technical substitution when K = 30 and L = 15 is 1.285
Explanation:
MRTS_KL = MP_L/MP_K
= (7K + 10L - L^2)/7L
= (7*30 + 10*15 - (15)^2)/7*15
= 1.285
Therefore, The value of the marginal rate of technical substitution when K = 30 and L = 15 is 1.285
