Answer: B. Jean
Explanation:
Having Absolute Advantage in the production of a good means that you can produce more of that good given the same resources or at least the same Quantity as others given lower resources.
From the scenario above therefore, Jean has the Absolute Advantage in producing Cakes as Jean can bake 12 cakes in an hour while Vincent can only bake 10.
Answer:
the best possible answer is keep the marginal costs below marginal revenue.
<h3>Hello there!</h3>
Your question asks what an opportunity cost of an action is.
<h3>Answer: D). is a subjective valuation that can be determined only by the individual who chooses the action.</h3>
The reason why answer choice "D). is a subjective valuation that can be determined only by the individual who chooses the action" is correct because an opportunity cost of an action is not the same for everyone.
An opportunity cost of an action is subjective, meaning that the action can be determined by someone's opinion, feelings, etc. Everyone thinks differently, therefore making everyone's opportunity cost of action different.
A opportunity cost of an action also is determined by the individual themselves, not anyone else. That's why the action is subjective, due to the fact that the decision on the action is determined by the individual personal opinions and feelings.
<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
The correct option is C) Act. Act is the sixth phase of the data analysis process.
<h3>What is the act in the data analysis process? What are the other steps involved in it?</h3>
The sixth step of the data is to act. It will provide the recommendations or solutions to the team and stakeholders for solving the business problems and makes the good decision.
Data analysis process involves the defining of the question, collection, cleaning, analyzing of the data and sharing the results.
Basically, it helps the business in making the informed and sound decisions.
Learn more about the data analysis process here:-
brainly.com/question/17353324
#SPJ1
Answer:
FV= $94,108.42
Explanation:
<u>First, we need to calculate the future value of the 12 annual deposits:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {3,500*[(1.06^12) - 1]} / 0.06
FV= $59,044.79
<u>Now, the future value at the end of the 20 years (8 years more):</u>
FV= PV*(1 + i)^n
FV= 59,044.79*(1.06^8)
FV= $94,108.42
