All categories

3 years ago

What trade offs do you use when you use credit

1 answer:

5 0

When using credit, you are giving up spending in the future to spend money now. This trade off involves costs (interest). So borrowing money from your future to buy now, will cost you more in the long run that paying cash.

You might be interested in

"the table above shows the payoff matrix offered to two suspected criminals, bonnie and clyde. the payoffs are the years they wi

Semmy [17]

They both will confess to the other's crimes.

They both could get lighter sentences for co-operating with each other, but since they are not allowed to communicate with each other, and hence will have only their best interests in mind, to betray the other for his own good. However, when they both do this, it becomes a double betrayal, and hence their sentences become even longer.

6 0

4 years ago

Logistics is most closely related to which element of the marketing mix? place promotion production price product

exis [7]

Answer:

Place

Explanation:

Logistics describes the handling of goods and supplies goods or services through transport from one destination to another. It includes material handling, inventory control, order fulfillment, order monitoring, shipping, etc.

Logistics therefore facilitates the right commodity, to the right location, to the right customer at the right time, within the specified time limit.

5 0

3 years ago

Juan spends all of his income on baseball cards and candy. At his current consumption bundle, the marginal utility of baseball c

Aleks [24]

Answer:

Juan should increase his consumption of candy and decrease his consumption of baseball cards.

Explanation:

Given that

The baseball cards marginal utility is 20

And the candy marginal utility is 10.

Now If the baseball cards price is $10,

and the candy price is $2

So if we divide the marginal utility with the price so it will come 2 for baseball card and 5 for candy so the consumption of the candy should be increased while on the other hand the consumption of the baseball card should be decreased

7 0

3 years ago

Boeing produces commercial airliners. Assume that if Boeing produces 10 planes a year, its total costs are $500 million and that

Andru [333]

Answer:

The marginal cost of the 11th plane is <u>$60 million</u>.

Explanation:

Marginal cost refers to the cost of producing one more unit of output.

In this case, every unit of output is an airplane. It costs Boeing $500 million to produce 10 airplanes, and $560 million to produce 11 airplanes. SO the marginal cost of the eleventh airplane = cost of producing 11 airplanes - cost of producing 10 airplanes = $560 million - $500 million = $60 million

4 0

3 years ago

What's the idea behind bitcoin and its exchange rates ?

Brums [2.3K]

Answer:

Explanation:

https://www.bitcoinsxchanger.com/zcash-to-webmoney.php

Zcash to webmoney exchange digital coin for free is one of the best part of this site. Exchange your zcash and get big profit. We have millions of people that are exchanging their crypto coins with world's largest exchange market. Visit for more.

5 0

3 years ago