Answer:
The correct option is B,zero monetary cost but a $1,000 per month opportunity cost
Explanation:
Monetary cost also known as explicit cost is the actual costs incurred in running a business.But the business in this case is renting of the property,frankly speaking, Jeane has not incurred any cost in her property business,hence monetary cost is zero.
Opportunity is the cost or benefits from alternative course of action. Jeane not renting out the property on commercial basis is the alternative course of action in this case.Since the commercial letting gives $1500 and the letting to her brother gives $500, the difference between the two rents is $1000 which is benefits forgone from letting the house to her brother,that is the opportunity cost.
Answer:
Monthly deposit= $1,036.116
Explanation:
Giving the following information:
Future Value (FV)= $900,000
Number of periods= 28*12= 336 months
Interest rate (i)= 6% = 0.06/12= 0.005
<u>To calculate the monthly deposit, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= {900,000*0.005) / [(1.005^336) - 1]
A= $1,036.116
Their economies are highly specialized and depend on international trade for their income.
<h3>What is
income?</h3>
Income is the consumption and saving opportunity gained by an entity over a given time period, which is usually expressed in monetary terms. Income is difficult to define conceptually, and definitions vary across fields.
Income is defined as the amount of money received by a person, group, or company over a specific time period. A salary of $70,000 per year is an example of income.
Income is money received by an individual or business in exchange for labor, the production of a good or service, or the investment of capital. Individuals typically earn money through wages or salaries, whereas businesses make money by selling goods or services for more than their cost of production.
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Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect the rise, ambiguous
<h3>What is personal computers?</h3>
Personal computers (PCs) are multipurpose microcomputers that are tiny, powerful, and reasonably priced for individual use. Personal computers are not intended for use by computer experts or technicians, but rather by average consumers. Like huge, expensive minicomputers and mainframes, personal computers do not use time-sharing by numerous users concurrently. Additionally, the phrase "home computer" was used, mostly in the 1980s and late 1970s.
In the 1960s, institutional or corporate computer owners had to create their own programs in order to carry out any useful work on their machines. The majority of these systems run commercial software, freeware (usually proprietary), or free and open-source software, despite the fact that users of personal computers can develop their own applications.
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The answer to your question is False
