Answer:
Jake should shear the llamas.
Explanation:
Latasha can shear the llamas in 1 hour.
Jake takes 6 hours to shear the llamas.
Latasha earns $120 per hour as a lawyer, while Jake earns $15 per hour as a barber.
Latasha can either earn $120 in an hour or shear a llama.
In 6 hours Jake can earn either shear a llama or earn
=
= $90
The opportunity cost of shearing llamas is high for Latasha ($120) while, it is lower for Jake ($90). So, Jake should shear the llamas.
Answer:
Option E (143) is the appropriate solution.
Explanation:
According to the question,
The modified duration will be:
=
=
=
The percentage change in price will be:
=
= (%)
Now,
The EMOD will be:
=
= ($)
Or,
The EMAC will be:
=
= ($)
Hence,
⇒
⇒