Answer:
-2,1
Step-by-step explanation:
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.
It sounds like they had $708.88 at the beginning, however by the end of the year they OWED $347.99. The first number is in the positive while the other is a negative. Add the last number to the first number for the amount that they have spent which would be $1,056.87.
Let the speed of the current be y and the speed of Micah's sailing speed be x. Then 4.48/(x + y) = 0.32
4.48/(x - y) = 0.56
0.32x + 0.32y = 4.48 . . . (1)
0.56x - 0.56y = 4.48 . . . (2)
(1) x 7 => 2.24x + 2.24y = 31.36 . . . (3)
(2) x 4 => 2.24x - 2.24y = 17.92 . . . (4)
(3) - (4) => 4.48y = 13.44
y = 3
From (1), 0.32x + 0.32(3) = 4.48
0.32x = 4.48 - 0.96 = 3.52
x = 3.52/0.32 = 11
Therefore, the speed of the current is 3 miles per hour. Answer is 3 miles per hour
