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Advocard [28]
3 years ago
8

Which of the following principles underlies the interaction of individual choices? a Marginal analysis is used for "how much" de

cisions. b People usually exploit opportunities to make themselves better off. c Resources are scarce. d There are gains from trade.
Business
1 answer:
GalinKa [24]3 years ago
6 0

Answer:

d There are gains from trade.

Explanation:

A trade can be defined as the process that typically involves the buying and selling of goods and services between a buyer (consumer) and a seller (producer).

Thus, trade creates an enabling environment that suits a specific service provider or producer of a particular product.

Basically, the interaction of individual choices underlies the fact that there are gains from trade.

This ultimately implies that, as a result of the difference between human needs and wants, there is always an opportunity for various producers to manufacture goods and services to meet the needs or requirements of these customers.

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After Shipra got a job, the first thing she bought was a new car. She took out an amortized loan for $20,000—with no ($0) down p
PolarNik [594]

Answer:

Her Yearly Repayment will be approximately $5771

Explanation:

For an Amortized Loan, to calculate the payment amount per period, we use the formula:

A=[P(1+r)ⁿ]/[(1+r)ⁿ-1]

where A=Payment per period

P= Initial Principal/Loan Amount

r= Interest rate per period

n= number of payments period

From the information provided,

P=$20000

n=4 years

r=6%=0.06

Therefore Yearly Repayment Amount A=[Pr(1+r)ⁿ]/[(1+r)ⁿ-1]

=[20000X0.06(1+0.06)⁴]/[(1+0.06)⁴-1]

=[1200(1.06)⁴]/[(1.06)⁴-1]

=[1200X1.2625]/[1.2625-1]

=1515/0.2625

=$5771.43

3 0
3 years ago
Many farmers practice "crop rotation" by planting a field with corn one year and soybeans the next. why might they do this?
lisabon 2012 [21]

The reason that they do this because rotating crops has the capability of keeping the nitrogen from being depleted in the soil as nitrogen fixing bacteria are likely to be found in the nodules of the roots of the soybeans and not on the corn’s roots that makes soybeans the next after the corn is planted first.

8 0
3 years ago
Alex Smith rents storage space to college students who go home for the summer but do not want to haul all of their property home
Alenkinab [10]

Answer:

d) variability

Explanation:

Variability is the quality of a service that does not follow a fixed, or predictable pattern, following instead a changing (or variable), or unpredictable pattern.

Seasonality is a type of variability that occurs when a business is subject to very rigid time constraints: in some periods of time it booms, and in other periods, it busts.

Alex's business is seasonal because it only becomes profitable during the summer months, while the other three seasons represent a net loss for him.

6 0
3 years ago
An agreement between two adults to pay $300 cash for a bicycle is an example of a contract that is
SIZIF [17.4K]
The answer is a valid contract. A valid contract occurs when both parties has expressed or had shown agreement when engaging to certain services or products as means of showing that they both have negotiate and came to an understanding of agreement with what they are pertaining to in which is shown above as the adults involved has an agreement of paying the bicycle that shows a valid contract.

5 0
3 years ago
How do corporations raise money and resources to expand? Select THREE answers.
Vladimir [108]

Correct answer choices are :

A) They request a bank loan.

D) They agree to sell stocks.

E)  They issue bonds.

Explanation:

Also, interest paid on bonds is a tax-deductible business investment for the organization. The problem is that interest payments generally are made on bonds even when no profits are earned. For this reason, a smaller corporation can sometimes raise much capital by issuing bonds.

4 0
3 years ago
Read 2 more answers
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