Answer: Opportunity cost.
Explanation:
The opportunity cost is the prize an individual pays for selecting an option out of all other available similar options. The opportunity cost of renting the cheaper apartment is that Ken won't be able to rent the other costlier apartment.
Answer:
This is a situation of derived demand. The demand for electronics is derived from that of rare earth metals.
So if the price of extraction of rare earth metals increases, supply will not meet demand, prices of rare earth metals will go up.
Since demand for electronics is derived from that of rare earth metals, the price of electronics will go up to accommodate the price change of the rare earth metals.
Explanation:
Answer:
Buy in-store.
Explanation:
The Polya technique suggests the following steps to solve a problem:
Step 1: Understand the problem.
Nathan is facing two options for buying a new sweatshirt. We need to calculate and compare both prices in order to determine the better buy.
Step 2: Devise a plan.
To calculate and compare the prices we need to discount the coupons on both options and then buy the sweatshirt with the lower price.
Step 3: Carry out the plan (solve).
<h2><u>
Option A</u></h2>
Price: $36
Discount: -30%
Final price option A : 36 × ( 1 - 30%) = 25.2
<h2><u>
Option B</u></h2><h2><u>
</u></h2>
Price: $32
Discount: -25%
Final price option B: 32 × ( 1 - 25%) = 24
Step 4: Look back (check and interpret).
Final price option A < Final price option B.
<h2><em>With this analysis in cosideration, we deduce that the better buy is the option A. In-store purchase.</em></h2>
<em></em>
<h2><u>
</u></h2><h2><u>
</u></h2>
Answer:
The answer is C. Mrs. Green should spend more on soda and less on pretzels.
Explanation:
Marginal utility-price ratio = marginal utility of a generic good / price of a generic good
Soda Marginal utility-price ratio= 60/ 0.60 = 100 utils per dollar
Pretzels Marginal utility-price ratio = 30/ 0.40 = 75 utils per dollar
Mrs. Arnold should choose soda as it has a higher marginal utility-price ratio than that of pretzels.
Answer:
PW = 2,911
FW = 5,856
Since both PW and FW are positive project may be accepted
Explanation:
the file attached below shows the full explanation
