Answer:
Draw the person's budget constraint with the income guarantee
Answer:
The answer is to rent a car.
Explanation:
Value per hour = $5
24 hours make a day
Value for a day(24 hours) = $120
Value for two days(48 hours) = $240
For renting a car:
Car is $30/ day
So car will be $60($30 x 2) for 2 days.
Value for two days(48 hours) that he spent = $240
Therefore, total cost for the two days if he rents a car is
$60 + $240 = $300
For flight:
$400 for airplane ticket.
Two hours that he will spend is $10($5 x 2)
Therefore, total cost for taking flight is
$400 + $10
=$410
So a rational consumer will go for the lower cost which is to rent a car.
Answer:
the answer is true
Explanation:
i dont know how to explain it.. i'm sorry
Answer: Option C
Explanation: Foreclosure is something that occurs if the mortgage is not paid by a borrower. In fact, it is a judicial process through which the person relinquishes all ownership rights.
If the owner is unable to settle off the outstanding loans or sell property through a short sale, then the estate will go to an exchange for foreclosure. If the estate does not sell then, it will be taken over by the lender.
When a lender loans you money without any collateral (credit card debt, for instance), it can take you to court for failure to pay, but it can be very hard to collect money from you.
Lenders often sell this sort of debt to outside collection agencies for pennies on the dollar and write off the loss. This is considered an “unsecured loan.”
If they cannot successfully collude and instead produce where the market price equals marginal cost, the market price will be higher.
More about market price:
The price at which a good or service can currently be purchased or sold is known as the market price. The dynamics of supply and demand influence the market price of a good or service. The market price is the cost at which the quantity supplied and the quantity demanded are equal.
In order to determine consumer and economic surplus, the market price is used. Customer surplus, also known as the market price, is the difference between the highest price a consumer is willing to pay and the actual amount they pay for the commodity.
Learn more about market price here:
brainly.com/question/17218349
#SPJ1