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Marizza181 [45]
3 years ago
15

Why are older people on fixed-income pensions hurt by unanticipated inflation?

Social Studies
1 answer:
valentina_108 [34]3 years ago
5 0
<h2>The older people on fixed-income pensions gets hurt by unanticipated inflation as there is an inverse relationship between interest rates and fixed-income pensions.</h2>

Explanation:

Inflation rate plays a significant role on the financial lives of old Americans with fixed-income pensions. Inflation occurs when unemployment rate decreases and prices of goods, real estate, and commodities creep higher.

According to 2010 research, Old citizens of America spends three times than a working adult and five times that of children, averagely $18,424 annually.

Healthcare, housing, travel, and supporting children also influence how much seniors spend. Unanticipated inflation affects the purchasing power.

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The graph is a marginal cost curve that compares expenses for producing apple pies.
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Answer:

<u>The correct answer is C. four pies.</u>

Explanation:

<u>Marginal cost</u> is called the increase in the cost of production that is generated when the quantity produced in one unit increases. It should be remembered that the production cost refers to the money that must be disbursed to produce a service or a good.  The aforementioned definition, indicates that the marginal cost is the increase in the cost recorded when an additional unit of a certain good is produced. <u>In other words, the marginal cost reflects the rate of variation of the cost divided by the change in the level of production.</u>

<u>The curve representing the evolution of marginal cost has the shape of a concave parabola, due to the law of diminishing returns.</u>

In the graph, the marginal cost curve has the following values:

  • For one pie, it's $ 1.00
  • For two pies, the curve decreases and it's $ 0.60
  • For three pies, the curve keeps decreasing and it's $ 0.30
  • For four pies, the curve begins to increase and it's $0.60
  • For five pies, the curve continue increasing and it's $ 1.40

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Answer should be an archipelago.
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Why do eyewitness accounts of the same event vary from person to person
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The way they saw the event may have been from a different point of view!
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How does religion influence the government of Saudi Arabia?
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D is the correct answer

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