Answer:
C.
Explanation:
A higher interest rate means greater loss in money value being held by an individual. This is because the money would yield higher earnings by being in a savings account. Consequently, higher interest rate means less demand for money.
Answer:
Which of the following is correct?
b.
Explanation:
b. Mary's counteroffer terminates Carl's offer of $1,500
1) So you don't go over your limit
2) learn how to not spend your money all at one tme
Answer:
a. explicit cost
b. explicit cost
c. implicit cost
d. implicit cost
Explanation:
Explicit costs can be defined as the actual costs incurred to run the business like supplies, utilities, materials or wages, while implicit costs can be defined as the opportunity cost of running the business like the potential salary of working in another job or the possible revenue of renting the current operating location.
a. The wages and utility bills that Sam' pays - explicit cost (actual costs)
b. The wholesale cost for the guitars that Sam' pays the manufacturer - explicit cost (actual costs)
c. The rental income Sam' could receive if he chose to rent out his showroom - implicit cost (potential revenue lost)
d. The salary Sam' could earn if he worked as a financial advisor - implicit cost (potential revenue lost)
