Answer:
C. bad payment history
Explanation:
Creditworthiness is the term banks, and other lenders use to determine the risk associated with each customer. Credit score ratings place customers into different risk categories. A low credit score signifies a high-risk customer or low creditworthiness. Banks will extend credit facilities to a high-risk customer at a high-interest rate.
A customer with a poor loan repayment history has a low credit score. Tracy is being offered the loan at a high-interest rate due to her low creditworthiness. Her case would be different if she had a better credit score associated with a good loan repayment history.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Refurbishing materials:
Variable cost= $600
Fixed costs= $18,800
Estimated cost= 600*35 + 18,800= $39,800
Actual cost= 600*32 + 18,800= $38,000
Refurbishing activity variance= Estimated - actual cost
Refurbishing activity variance= 39,800 - 38,000= 1,800 favorable
An electric company is like to have greatest market power.
Explanation:
An electric company falls under oligopoly market. An oligopoly market is that market that consist of few firms and large numbers of buyers. As a result the sellers have the power to change the price. Although if they increase the price the customers will not be able to stop buying those goods.
Oligopoly market has the power to affect the demand as well as the supply . In case of market power the output reduces but there is no loss in economic welfare.
Answer:
a. Trade can make every person better off.
Explanation:
Trade generates a benefit for all parties trading. If a party do not fell like winning with trade, it will stop trading and the trade will not occur. It is important for each party to make sure the other wants to keep trading, so quantity and price will be based upon both parties agreement.
A person can trade for product she produces, for example a person who produce a certain fruit can buy the same fruit when is off-station in their side of the world with another producer.
It could also trade becasue is the raw material of a finished product and it need more input for his facilities.
If a person or a party who is trading thinks is worse than before the trade, then it will stop trading so, as long as there is trade, both parties are better off after the trade.
