Answer:
The cost of increased rates of accidents/injuries due to road accidents associated with cycling.
Explanation:
Opportunity cost is referred to as an alternative cost which is the value of the other choose left out while settling for a better alternative. External cost will be the cost a society has to bear as a result of a private cost. A successful biking company in a community can led to increased rates of accidents due to road accidents associated with cycling. In addition, the society will have to bear the costs of the threats presented by dangerous car drivers who posse more danger to cyclists as compared to trucks/car drivers.
Answer:
28%
Explanation:
Although there are sources that says 30% of gross income can be spent on housing, the most reliable amount that can be spent (according to other sources) is 28%.
Take for instance, you earn $5000 monthly, the maximum that you can spend on housing is:
Using a calculator, we have:
<em>The maximum that can be spent on a monthly gross income of $5000 is $1400</em>
