In Bovania, cattle compose 48 percent of the consumer price index (CPI), housing composes 32 percent, and entertainment accounts
1 answer:
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Answer:
The monthly withdrawals are $3,537.85 and will last for 23 years.
Explanation:
We have to calculate the monthly installment of an annuity:
PV 568,900.00
time 276 (23 years x 12 months)
rate 0.004333333 (5.2% = 5.2 / 100 = 0.052 per year we now divide by the 12 months of a year and get the rate for monthly withdrawals.
C $ 3,537.85
Answer: 2.75 blankets.
Explanation:
The opportunity cost is the value of a good that is sacrificed by choosing some other alternative. So, there are certain costs associated with the consumption of some goods.
In our case,
Opportunity cost of producing 1 shirt =
= 2.75 blankets
Opportunity cost of producing 1 shirt is 2.75 blankets which means that 2.75 blankets have to be foregone to produce 1 shirt.