Every economic decision has "a consequence or tradeoff" - this final answer choice is correct. Every time that an individual, business, or institution makes an economic decision, they always forgo an opportunity to use the same capital or resources for other endeavors. As such, there is a tradeoff incurred by not making the decision to use the resource in another manner. This is known as opportunity cost and is one of the fundamental tenets of economic theory.
Answer:
increase - $2256
price - $50256
Step-by-step explanation:
multiply the percent (in decimal form) by the original cost
48000(0.47)=2256
the increase is $2256
to find the price of it, add the two prices together.
48000+2256=50256
Answer:
yes
Step-by-step explanation:
The answer is 17/36. (Fraction)
