Answer:
Many people believe that the United States is the land of opportunity, and that anyone can succeed
with hard work and intelligence. Concurrently, we often assume that people are poor because they lack
the willpower or intellect to work hard and make the correct decisions. However, new research shows
how a scarcity of resources, including financial resources, shapes everyone’s decisions and behaviors
Explanation:
Answer:
b
Explanation:
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
Factors that cause the PPF to shift
1. changes in technology.
2. changes in available resources.
3. changes in the labour force.
a linear PPC means that there is a constant opportunity cost. Linear PPC are rear
Based on the information given, since the person will spend more on marketing, the product that should be emphasized will be cupcakes.
<h3>
What is marketing?</h3>
Marketing simply means the prices of exploring, and delivering value in order to meet the needs of the target market.
Based on the information given, since the person will spend more on marketing, the product that should be emphasized will be cupcakes. This is because the $800 that it paid more can cover the additional expense.
Also, the budget for office supplies and repairs be reduced for the next quarter. This is because they will have already gotten the supplies needed to start up.
Learn more about marketing on:
brainly.com/question/25369230
Answer:
Correct option is (c)
Explanation:
Nominal interest rate is the sum of real interest rate and inflation. The lender charged nominal interest rate of 15% expecting inflation to be 10% in the following year. However, inflation was 12%. So, nominal rate becomes 17% (12% + 5%).
The lender should have charged a nominal interest rate of 17% instead of 15%. Now, he has to bear the loss of 2%. Borrower on the other hand benefited as he is paying lower interest rate than what is prevailing in the market.
