Answer:
E. the more of something we produce, the greater is the opportunity cost of producing an additional unit
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
An example to illustrate increasing opportunity cost. Let us assume that Emily can use her leisure time to either rest or make spaghetti. If Emily uses 1 hour to make spaghetti, she forgoes 1 hour that she could have spent resting. If she spends 2 hours making spaghetti, she forgoes two hours of rest. Her opportunity cost keeps increasing the longer she spends making spaghetti.
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The period between the posting date and the due date, this period is called the grace period. In this period the finance charges are not assessed on new credit card.
<h3>What is grace period?</h3>
A grace period is a period of time after the due date during which payment can be made without incurring any penalties. In most mortgage loan and insurance arrangements, a grace period of 15 days is included.
A grace period allows a borrower or insurance client to postpone payment for a certain time after the due date has passed.
Thus, grace period is the period between the posting date and due date.
For further details about grace period, click here:
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a company's business model sets forth the logic for how its strategy will create value for the customers, while at the same time generate revenues sufficient to cover costs and realize a profit
customer value proposition - a plan for satisfying customer wants and needs at a price customers will consider good value
<span>profit formula - a plan for a cost structure that will enable the company to deliver the customer value proposition profitably</span>
Explanation:
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6 15
a. Determine which variable is the dependent variable.
b. Compute the least squares estimated line.
c. Compute the coefficient of determination. How would you interpret this value
