1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stiks02 [169]
3 years ago
5

How does paying the minimum on a credit card hurt?

Business
1 answer:
Sergeeva-Olga [200]3 years ago
6 0

Answer:

If you only pay the minimum each month, your debt might become spread out over a longer period of time and interest charges may increase over time. This is not an effective strategy, and depending on the provider, you may end up paying more that what you needed to pay off.

Explanation:

Hope this helped!

You might be interested in
How do i get my grade higher.60-80 and 70-80
balu736 [363]
You can always makeup work that you got a low grade on. You can do extra credit or finish the work you haven’t turned in (if you have anything) :)
8 0
3 years ago
Read 2 more answers
Elaborate on the meaning of contemporary socio-economic issues.​
saul85 [17]

Answer: See explanation

Explanation:

Contemporary Socio-economic issues are the challenges that are faced by the society. It should be noted that these problems and challenges have s negative impact on the economy and the society as a whole.

Some of the contemporary socio-economic issues that are faced by the society are poverty, corruption, illteracy, unemployment, etc.

These issues poses a challenge to the government and government seek ways to address them.

4 0
3 years ago
Each firm in a competitive market has a cost function​ of: Upper C equals 25 plus q squared​, so its marginal cost function is M
Effectus [21]

Answer and Explanation:

The computation is shown below:

TC = 25 + q^2

Now

Marginal cost is

= dtc ÷ dQ

= 2q

Average variable cost  (AVC) = q

We Assuming perfect competition so there is a free entry so no profits

Therefore

ATC = P

ATC = TC ÷ q  

= q + 25 ÷ q

Now

MC = MR = P = ATC

2q = q + 25 ÷ q

q = 25 ÷ q

q^2 = 25

So, Quantity per firm = q = 5

Now

P = MC = MR = ATC

= q + 25 ÷ q  

= 5 + 25 ÷ 5  

= 5 + 5

= 10

hence, equilibrium price is 10

Now

Q = 35 - P  

= 35 – 10

= 25

Hence, Market quantity (Q)  = 25

And, the number of firms i.e n

N = Q ÷ q  

= 25 ÷ 5

= 5

3 0
3 years ago
The government sector balance is equal to net taxes​ ________ government expenditure on goods and services. If that number is​ _
Dovator [93]

Answer:

less

positive

negative

Explanation:

The government sector balance is income from taxes less government spending

Government sector deficit occurs when government spending exceeds income of the government.

When deficit increases, debt increases. This is because a deficit would need to be funded by additional borrowing

When there is a surplus, government spending is less than the income of the government. Government is able to lend to other sectors

7 0
3 years ago
A podcaster has become quite talented at writing and producing content celebrating positive news. The podcaster bought professio
FromTheMoon [43]

create a budget this will help with his economic issues

5 0
2 years ago
Read 2 more answers
Other questions:
  • Squire Corporation charged Job 110 with​ $14,000 of direct materials and​ $12,600 of direct labor. Allocation for manufacturing
    13·2 answers
  • Johnson Electronics is considering extending trade credit to some customers previously considered poor risks. Sales would increa
    6·1 answer
  • The ledger of Columbia, Inc. on March 31, 2014, includes the following selected accounts before adjusting entries.
    12·1 answer
  • Which of the following trends has been observed in the world population in terms of aging? A) As nations have advanced economica
    10·1 answer
  • Written evidence of the ownership of a piece of property
    11·1 answer
  • Which of the following behavior patterns may be a characteristic of minors
    14·1 answer
  • What Is NOT one of the three primary resources that farnilies have to reach financlal goals?
    12·2 answers
  • The Perpetual Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $18,500 per year fo
    15·1 answer
  • PLEASE HELP ME ILL MAKE YOU BRAINLIEST
    9·2 answers
  • Darden has beginning equity of $284,000, total revenues of $70,000, and total expenses of $32,000. the company has no other tran
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!