All categories

3 years ago

What is true if you only pay your minmium amount each towards your credit card bill

1 answer:

8 0

Paying the minimum amount on credit cards means the balance on the account will be higher. A higher balance on the credit card will mean more interest is paid often over a longer period of time

You might be interested in

Suppose that the quantity of DVD players sold increased from 200 to 400 when the price fell from $225 to $175. Over this price r

Nataly_w [17]

Answer:

Option D.

Explanation:

Given information:

$Q_1=200, Q_2=400$

$P_1=225, P_2=175$

Formula for price elasticity of demand is

$E_d=\frac{Q_2-Q_1}{P_2-P_1}\times \frac{P_1+P_2}{Q_1+Q_2}$

Substitute the given values in the above formula.

$E_d=\frac{400-200}{175-225}\times \frac{225+175}{200+400}$

$E_d=\frac{200}{-50}\times \frac{400}{600}$

$E_d=-\frac{8}{3}$

$E_d\approx -2.67$

Absolute value is

$|E_d|= |-2.67|=2.67$

The absolute value of the price elasticity of demand for DVD players is 2.67.

Therefore, the correct option is D.

6 0

2 years ago

What is the main benefit of using a consistent system to label your files?

Ierofanga [76]

Answer:

D. It helps you keep track of each stage of the editing process

6 0

2 years ago

When economists talk about the "standard of living," they are generally referring to:?

zimovet [89]

<span>The economists are usually referring to people that is the performance of baby boomers and older employees in general prior to their retirement years and also the level of overall well-being enjoyed by an economy. 0 the amount of savings and skill an economy has achieved. On the level of government involvement in the economy's production of goods and services. 0 the amount of money that an economy has formed to spend.</span>

8 0

2 years ago

True or False: A tax cut is less likely to change the composition of labor demand than a government spending increase.

MA_775_DIABLO [31]

Answer:

True

Explanation:

This is the case because tax cuts and government spending are instruments that could be used in expansionary fiscal policy.

Note that reduced taxes usually have a direct impact on the disposable income of a economy not the composition of labor demand. Tax cuts leads directly to consumption and savings increase, resulting from increase in disposable income in the economy.

5 0

2 years ago

A leading beverage company sells its signature soft drink brand in vending machines for $0.87 per 12 oz. can. A vending machine

ycow [4]

Answer:

655

Explanation:

Breakeven quantity are the number of units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

$190 / ( 0.87 - 0.58) = 655.2 = 655 to the nearest whole number

8 0

2 years ago