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zvonat [6]
3 years ago
7

Which type of credit requires that borrowers carefully manage the debt so it doesn't get out of control

Business
2 answers:
Misha Larkins [42]3 years ago
7 0

Answer:

Revolving credit

Irina18 [472]3 years ago
3 0

The correct answer is revolving credit I hope this helps :)

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The dilemma is to decide whether to ignore mother's orders or comply with them in this situation.

<h3>What is Opportunity Cost?</h3>

Opportunity Cost refers to the losses incurred on leaving the other possible alternatives in the decision making and choosing the one. It is the value of the best alternative choose in the process of the decision making.

In the Above situation,the individual would enjoy with friends if he goes to watch the movie However it can lead to trouble with his mother.

However, if individual does cleaning of the lawn; the price would be the fun you would have to forgo.

The best course of action would be to obey your mother because the consequences of doing otherwise are much worse.

Learn more about Opportunity Cost here:

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2 years ago
Which of the following is an advantage of being an entrepreneur in the consumer service industry?
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C is the answer for this question....

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3 years ago
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Seidman Company manufactures and sells 20,000 units of product X per month. Each unit of product X sells for $17 and has a contr
True [87]

Answer:

Effect on income= $115,000 decrease

Explanation:

Giving the following information:

Fixed costs= $45,000

Number of units= 20,000

Unitary contribution margin= $8

<u>To calculate the effect on income, we need to use the following formula:</u>

Effect on income=  decrease in fixed costs - decrease in contribution margin

Effect on income= 45,000 - 20,000*8

Effect on income= $115,000 decrease

4 0
3 years ago
A profit-maximizing firm in a competitive market is currently producing 200 units of output. It has average revenue of $9 and av
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Answer:

It breaks down on two parts to be fully explained.

Explanation:

Part 1

The correct answer is:

The D option (All of the above are correct) which applies perfectly in the firms of competitive markets.  

Part 2

Referred to Table 2.

For this firm, the average revenue from selling 3 units is A) $12. B) $4. C) $3. D) $1.

Table 2

The reference to table 2 represents a demand curve faced by a firm in a competitive market.

Price Quantity

$4         0

$4         1

$4         2

$4         3

$4         4

$4         5

The correct answer is:

The B option ($ 4)  which it would represent the overall average revenue from selling 3 units.

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3 years ago
These skills enable the managers to make use of human potential in the company and motivate the employees for better results. *
Romashka-Z-Leto [24]
Answer
I think it’s D
Explanation
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3 years ago
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