Answer:
a.Attending a movie
Explanation:
The opportunity cost is the cost or value or the item foregone. That is way opportunity cost is also known as alternative foregone.
It is also known as the real cost. When the wants are listed in a scale of preference in the order of priority, the limited resources is used to satisfy the first item on the list while the next unfulfilled want is the opportunity cost.
Therefore, for John, the opportunity cost is attending the movie, option a.
Answer:
yeah sure what do you want to ch.At about
Explanation:
because i don't really care what we talk abt
Answer:
$11,883.35
Explanation:
The formula for calculating continuous compounding is given below
F=p*e^it
In this question:
F=future value of the amount borrowed today=?
p=amount borrowed today/Purchases made by chris through credit card=$6,925
e=mathematical constant=2.7183
i=interest per annum=18% per annum
t=number of years=3 in this case
F=6,925*e^18%*3
F=$11,883.35
Answer:
Explanation:
We shall apply the concept of coefficient of variation to know the consistency of data
coefficient of variation
= standard deviation / mean or average
In case of City A
coefficient of variation = 86 / 820
= .1048
In case of City B
coefficient of variation = 75 / 790
= .0949
Since it is less for city B , rent for this city is more consistence or with less of variation
So the conclusion is false.