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forsale [732]
3 years ago
14

What’s the cost of consumer credit

Business
1 answer:
Ksju [112]3 years ago
3 0

The additional amount over the amount borrowed that the consumer must repay. This includes fees, interest, and other charges.

You might be interested in
How does a government of a republic share its economy
Blizzard [7]

Answer:

The government allows citizens to own private businesses.

Explanation:

The government controls factories and other forms of production. He allows citizens to own private businesses.

3 0
2 years ago
Opportunity cost occurs because of a producer’s need to
gtnhenbr [62]

Answer:

allocate resources.

Explanation:

Scarcity of resources makes producers make choices on how to use the few available resources. Like other people, producers will want to do many things but are restricted by a lack of resources. Time and money are examples of scarce resources. They have to allocate the available resources among different needs and wants.

Opportunity cost is measured by calculating the value of the next best alternative.

7 0
2 years ago
Read 2 more answers
Brazilian Juice, a manufacturer of healthy fruit juices in Brazil, sells juice in six different countries including United State
STALIN [3.7K]

Answer:

d. globalization.

Explanation:

In this scenario, Brazilian Juice, a manufacturer of healthy fruit juices in Brazil, sells juice in six different countries including United States. Hence, we can safely conclude that Brazilian juice is engaging in globalization.

Globalization can be defined as a strategic marketing process which involves rapidly, effectively and efficiently providing finished goods and services to meet the needs of potential customers across the world or in various countries across the globe.

<em>Simply stated, it involves the spread of products, technology, and significant investments across many countries in the world. </em>

5 0
3 years ago
Hannah likes to frequent Citrus, a fine dining restaurant, as she loves its beef lasagna and orders it every time she visits the
vampirchik [111]

Answer:

Heterogeneity

Explanation:

Heterogeneity is defined as a characteristic of a material that is not uniform in various characteristics such as colour, height, taste, shape, distribution, weight, and so on.

On the other hand homogeneity is when different samples of something are consistently the same.

Hannah has been used to the homogeneity of the previous chef's cooking. So when a new chef was brought in to cook due to heterogeneity she felt the lasagna she was served was undercooked and starkly different in flavor compared with the ones she had previously eaten at the restaurant.

4 0
3 years ago
American energy review reported that 27% of american households burn wood. if a random sample of 500 american households is sele
Juli2301 [7.4K]

This is binomial distribution problem. <span>
We are given that:</span>

n = sample size = 500

p = proportion which burns wood = 0.27,

q = proportion which does not burn wood = 1-p = 0.73 

<span>
A. Mean is calculated as:</span>

Mean = n*p

Mean = 500 * 0.27

Mean = 135 

<span>
B. Variance is calculated as:</span>

Variance = n*p*q

Variance = 500*0.27*0.73

Variance = 98.55 

<span>
C. Standard deviation is calculated as:</span>

Standard deviation = sqrt(variance)

Standard deviation = sqrt(98.55)

<span>Standard deviation = 9.93</span>

4 0
3 years ago
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