Answer:
If your nominal wage rises but you think that it automatically means your real wage rose, then you are suffering from money illusion.
Explanation:
In money illusion, one thinks money is nominal rather than real.
Answer:
a. Retailer
Explanation:
Retailer is "a business or person that sells goods to the consumer, as opposed to a wholesaler or supplier, who normally sell their goods to another business
"
Reference: WebFinance. “Read the Full Definition.” BusinessDictionary.com, 2019
$822.18 is how much earned interest so add $3,900 and you get $4,722.18
These kind of expenses are under the capital costs. Capital costs are fixed costs acquired when you build the establishment in order to make it commercially operable. For example, when you want to open up your own clinic, you would have to build your own office and spend money to buy medical equipment and their installation costs. Moreover, you would have to spend on legal works to register and acquire your business permit. These costs are one-time only and incurred at the early stages of your milestones.
