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coldgirl [10]
3 years ago
14

The original price is $28.00 the tax is 7.25% what is the total

Business
1 answer:
Andru [333]3 years ago
8 0
Tax price: 7.25 x 28/100 = $2.03

Total price = original + tax 
                  = 28 + 2.03
                 = $30.03
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David's decision on the electronics to purchase represents opportunity cost.

The decision to hire another economist is marginal analysis.

Ana's decision on how to use her time involves opportunity cost.

<h3>What is opportunity cost?</h3>

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. When an economic agent chooses one option, he would not be able to choose another option.

<h3>What is marginal analysis?</h3>

Marginal analysis involves comparing the marginal cost or / and the marginal benefit of a decision.

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In case of market failure, the government has to intervene to efficiently allocate resources. The failure of price mechanism to produce goods efficiemtly results in government to intervene.

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3 years ago
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Diffusion of innovation

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the net present value (NPV) applies to a series of cash flows occurring at different times.

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5 0
3 years ago
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