In one day, Sue can change the oil on 20 cars or change the tires on 20 cars. In one day, Fred can change the oil on 20 cars or change the tires on 10 cars. Sue's opportunity cost of changing oil is ______ than Fred's and her opportunity cost for changing tires is ______ than Fred's.

Answers

Answer 1

Answer:

1 change of tire

less

Explanation:

Opportunity cost of the next best option forgone when one alternative is chosen over other alternative

Sue's opportunity cost of changing oil = number of tires she changes / number of oil she changes = 20 / 20 = 1 change of tire

Her opportunity  cost of changing tires = 20 / 20 = 1

fred's opportunity cost of changing tires = 20 / 10 = 2

her opportunity  cost of changing tires is less than that of freds


Related Questions

The U.S. has a treaty with Mexico to not deal in historical artifacts in order to preserve the artifacts in the country they came from. An archaeologist in Mexico who has previously been selling artifacts to American buyers:

Answers

An archaeologist in Mexico who sells artifacts to the American buyers previously will not sell the artifacts.

In this case, there's a treaty with Mexico by the United States to not deal in historical artifacts, therefore the archeologist won't sell the artifacts to the buyer from America.

There's no right to sell the artifacts and the archaeologist won't want to break the law because this may lead to a negative consequence.

Therefore, the best thing to do is not to sell the artifacts.

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If the reserve requirement is 20% and commercial bankers decide to hold additional excess reserves equal to 5% of any newly acquired checkable deposits, then the effective monetary multiplier for the banking system will be

Answers

Answer: 4

Explanation:

Based on the information provided in the question, the effective monetary multiplier for the banking system will be calculated as:

= 1/Reserve ratio

= 1 / (20 + 5%)

=1/(0.20+0.05)

= 1/0.25

= 4

Therefore, the effective monetary multiplier for the banking system is 4.

Match the methods to monitor on-floor selling activity and sales effectiveness to the scenario that portrays them.

Answers

Monitoring on-floor selling activity and sales effectiveness can be done through various methods that help retailers make informed decisions about their store's performance.

Here are some methods for monitoring on-floor selling activity and sales effectiveness:1. Mystery shoppingThis is where retailers hire a third-party to pose as a customer and visit the store to evaluate the level of service and sales effectiveness. Mystery shoppers can be used to evaluate different areas of the store, such as customer service, product knowledge, and sales techniques. The results can be used to identify areas of weakness and opportunities for improvement.2. Point of sale data analysisThis involves analyzing sales data collected at the checkout. This method can provide insights into sales trends, popular products, and the effectiveness of promotions and sales strategies. Retailers can use this data to make informed decisions about their store's inventory and pricing.3. In-store camerasInstalling cameras on the sales floor can help retailers monitor customer behavior, such as how long they spend in a particular area and which products they are looking at. Retailers can use this information to improve store layout and product placement.4. Customer feedback forms Retailers can use feedback forms to gather information about customers' experiences in the store.

This can include questions about the level of service, product availability, and overall satisfaction. Retailers can use this information to identify areas of improvement and make changes to the store's operations.5. Sales tracking softwareRetailers can use sales tracking software to monitor sales performance and set sales goals. This software can provide real-time updates on sales data and identify areas of strength and weakness. Retailers can use this information to make informed decisions about their store's operations and sales strategies.In conclusion, retailers can use different methods to monitor on-floor selling activity and sales effectiveness. These methods include mystery shopping, point of sale data analysis, in-store cameras, customer feedback forms, and sales tracking software. The choice of method will depend on the retailer's goals and the specific areas they want to evaluate.

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On March 1, of the current year Ysa Pasco established a business under the name Ysa Employment Agency. Transactions completed during the month were as follows:


March 01 Opened a business bank account with a cash deposit of P500,000

March 02 Invested land and building worth P100,000 and P400, 000 respectively

March 5 Purchased equipment wort P12, 000 paying cash of P5,000 and the balance on account

March 07 Purchased supplies for cash, P2, 500

March 15 Commision collected 6,500

March 18 Paid creditor on account, P3, 000

March 20 Paid Property taxes, P5, 000

March 22 Withdrew cash from the business account for personal use, P3, 000

March 30 Commision not yet collected, P4, 500

March 31 Supplies inventory count showed unuse supplies of P2, 000. Cash paid for salary, P 4, 200 and utility 3, 500. Depreciation: Building, 4, 000 and equipment, P240.

Answers

March 1: A P500,000 cash deposit was made to open a company bank account. Invested P100,000 and P400,000 on a structure and land, respectively, on March 2.

How does it change the accounting equation?

Losses will reduce capital while profits are reinvested in the company. The dual element of accounting for income and expenses will result in equal additions or decreases to assets or liabilities, therefore the accounting equation will always be in balance.

Which of the following does not represent the accounting equation in its proper form?

Assets = Liabilities - Owners' Equity is the right response. Liabilities should equal assets plus owner equity, not assets less obligations. Different equations are accurate.

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what is 2 + 5
help
pls

Answers

the answer is 9 your welcome
The answer will be 7



Because there are 5 dolls and someone gives u 2 more that will be 7




Hope this helps!

What is the difference between ethnocentrism and patriotism?

Answers

Explanation:

Ethnocentrism is the tendency to look at the world primarily from the perspective of one's own culture while patriotism is love of country; devotion to the welfare of one's compatriots; the virtues and actions of a patriot; the passion which inspires one to serve one's country,.

What is the "rate of return" on an
investment?
A. It is the amount of money you make from your
investment.
B. It is the interest based on the principal.
C. It is the interest based on the principal plus the
interest.
D. It is the initial investment you make.

Answers

Answer:

I think its the amount of money you make from your investment

What is a personal documentation?
What is the use?
Why is it important?
Thank you :)

Answers

Answer:

Personal documents are first-hand accounts of social events and personal experiences, and they generally include the writer's feelings and attitudes. They include such things as letters, diaries, photo albums, and autobiographies. Personal Documents may sometimes be referred to as Life Documents

Explanation:

Many other aspects of your life will run more smoothly with your documents in order. With well-organized health and prescription records, it is easier to stay on top of any health conditions you may have. The ability to lay hands on your insurance policies in the event of an issue arising will minimize stress too!

I'm selling this painting on poshmark sometime in November or December 2020 you can put how much your willing to pay in the comments minimum price starting at 30 US dollars.

I'm selling this painting on poshmark sometime in November or December 2020 you can put how much your

Answers

I’d say 50 dollars because it’s a nice painting but I don’t think most people will have the same vision as you

Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?

Answers

The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.

How to find the manufacturing costs ?

Direct materials (Assembly + Testing & Packaging) = $375 + $39

= $414

Direct labor (Assembly + Testing & Packaging) = $168 + $84

= $252

Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126

= $442

Total manufacturing cost = $414 + $252 + $442

= $1110

Unit product cost = Total manufacturing cost / Number of units

= $1110 / 10

= $111.00

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Karl Jahaz Corp., an automobile company, has many business units across the globe. Although the company has reached saturation in the domestic market, it continues to generate substantial revenue by selling its old-model, light commercial vehicles in a few countries. In this case, which of the following is achieved by the globalization of the company?

a. Extension of product's life cycle
b. Deduction of production costs
c. Higher profits by lowering prices
d. Greater economies of scale

Answers

Answer:

a. Extension of product's life cycle

Explanation:

Extension of the product life cycle means the strategies that are followed to increase the product life or its service prior go into the decline stage.

These strategies involved price change,  place, promotion, adding new attributes to the existing product, etc

So according to the given situation, the option a is correct

in the cash book, every cash receipt is______ and every cash payment is_______ ​

Answers

On the left, on the right

Which letter represents the phase of the business cycle when businesses hire more workers, which
leads to greater consumer spending?
A) A
B) B
C) C
D) D

Which letter represents the phase of the business cycle when businesses hire more workers, whichleads

Answers

Answer:

b

Explanation:

i mean it higher then them all

Below is a graph of the Murphys' annual expenses. If the Murphys' gross annual household income is $85,420, how much will they pay in federal taxes?
a. $3,559.17
b. $8,542.00
c. $20,500.80
d. $29,897.00​

Answers

The Murphys will pay $20,500.80 in federal taxes on an annual gross household income totaling $85,420. Thus, the correct answer is C.

Individual federal income tax rates in the United States are progressive, which means that as taxable income rises, so will the tax rate. Federal income tax rates vary from 10% to 37% and are levied at various income levels. Tax brackets are the income ranges within which the rates apply. Income in each tax group is taxed at the associated rate.

The federal tax rate is 24%, as shown in the pie chart (see the attachment). While the annual gross household income for the Murphys is $85,420. Hence, the amount that the Murphys will pay for federal taxes is:

= \(\frac{24}{100}\) x $85,420 =  $20,500.80

Hence, the correct answer to this question is C.

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Below is a graph of the Murphys' annual expenses. If the Murphys' gross annual household income is $85,420,

QUESTION 2 of 10: Three smoothie shops exist in your town with annual sales of $300,000; $344,000; and $412,000. What is the average of their sales?

Answers

Answer:

352,000

Explanation:

add up all the numbers, then you divide by 3

The average of the three smoothie shop sales is $352,000.

What are sales?

A sale is a transaction between two or more parties with respect to a particular product or a service. the payment can be done in cash, digital form, or a barter system. sales can be found out with the help of cost price and profit or loss incurred on selling the product or rendering service.

The annual sale of the first smoothie shop is $300,000

The annual sale of the second smoothie shop is $344,000

The annual sale of a third smoothie shop is $412,000

The average sale of smoothie shop = total of sales/ number of shops

= (300,00 + 344,000 + 412,000) / 3

=$352,000

Therefore, the average sales of the three shops are $352,000.

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Suppose that each week Fiona buys 16 peaches and 4 apples at her local farmer's market. Both kinds of fruit cost $1 each. From this we can infer that:



multiple choice
The law of diminishing marginal utility does not hold for Fiona.
Fiona is not maximizing her utility.
If Fiona is maximizing her utility, then her marginal utility from the 16th peach she buys must be equal to her marginal utility from the 4th apple she buys.
If Fiona is maximizing her utility, then her marginal utility from the 16th peach she buys must be greater than her marginal utility from the 4th apple she buys.

Answers

If Fiona buys 16 peaches and 4 apples at her local farmer's market each week, we can infer that C. If Fiona is maximizing her utility, then her marginal utility from the 16th peach she buys must be equal to her marginal utility from the 4th apple she buys.

What is marginal utility?

Marginal utility describes the benefit derived from the consumption of one additional unit of a product or service.

The marginal utility can be computed using this formula:

Marginal utility = total utility difference/quantity of goods difference.

This means that marginal utility is equal to the change in total utility divided by the change in the number of goods consumed.

Thus, if Fiona buys 16 peaches and 4 apples at her local farmer's market each week, we can infer that Option C is correct.

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Even after Edward's listing was under contract, the seller called and asked him to present any additional offers that came in. A week before closing, an offer arrives in Edward's inbox. What should he do?

Answers

Even after Edward's listing was under contract, the seller called and asked him to present any additional offers that came in. A week before closing, an offer arrives in Edward's inbox.  Present the offer to the seller.

A settlement is a legally enforceable settlement that establishes, defines, and controls the mutual rights and duties among parties. Contracts commonly consist of the switch of items, services, money, or guarantees to switch at a destiny date. A settlement, in its best definition, is a legally enforceable promise.

A promise may be to do something or now no longer to do something. A settlement calls for the mutual consent of or greater people, generally, one making the provide and the alternative accepting the alternative. For example, whilst we purchase items in a shop or pass shopping, we input right into an income settlement for something we purchase.

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what is the role of HR in the organization?​

Answers

Answer:

department charged with finding, screening, recruiting and training job applicants as well as administering employee-benefit programmes

Explanation:

It is HRM's responsibility to ensure good working environment for the employee.

Leimersheim GmbH has adopted the following policies regarding merchandise purchases and inven-
tory. At the end of any month, the inventory should be €15,000 plus 90% of the cost of goods to be

sold during the following month. The cost of merchandise sold averages 60% of sales. Purchase terms
are generally net, 30 days. A given month’s purchases are paid as follows: 20% during that month and
80% during the following month.
Purchases in May had been €150,000 and the inventory on May 31 was higher than planned
at €230,000. The manager was upset because the inventory was too high. Sales are expected to be
June, €300,000; July, €290,000; August, €340,000; and September, €400,000.
1. Compute the amount by which the inventory on May 31 exceeded the company’s policies.
2. Prepare budget schedules for June, July, and August for purchases and for disbursements for
purchases.

Answers

1. The amount by which the inventory on May 31 exceeded the company’s policies is €53,000.

2. The preparation of the budget schedules for June, July, and August for purchases and for disbursements for purchases is as follows:

a) Purchases:

                                  May               June           July             August  

Cost of goods sold                       180,000      174,000     204,000

Ending Inventory €230,000         171,600      198,600      231,000

Goods available for sale              351,600     372,600     435,000

Beginning Inventory                   230,000       171,600      198,600

Purchases              €150,000      121,600      201,000     236,400

b) Disbursement for purchases:

                                  May           June           July             August  

20% during the month             24,320       40,200         47,280

80% following month             120,000       97,280       160,800

Total disbursements            €144,320   €137,480    €208,080

How is the difference between actual inventory and inventory per company policy determined?

Expected ending inventory = €15,000 plus 90% of the next month's cost of goods.

Cost of goods sold = 60% of sales

Purchase terms = net 30 days

Purchase payments:

20% during the month

80% following month

                                  May          June         July           August     September

Expected Sales                    €300,000  €290,000  €340,000  €400,000    

Cost of goods sold                  180,000      174,000    204,000     240,000

Purchases              €150,000

Ending Inventory €230,000

= €15,000 plus 90% of €180,000 = €177,000

Excess ending inventory for May = €53,000 ( €230,000 - €177,000)

Data and Calculations:Purchases:

                                  May          June         July           August     September

Expected Sales                    €300,000  €290,000  €340,000  €400,000    

Cost of goods sold                  180,000      174,000    204,000     240,000

Ending Inventory €230,000    171,600      198,600    231,000

Goods available for sale         351,600     372,600    435,000

Beginning Inventory               230,000       171,600    198,600    231,000

Purchases              €150,000  121,600      201,000   236,400

Disbursement for purchases:

20% during the month             24,320       40,200      47,280

80% following month             120,000       97,280    160,800

Total disbursements            €144,320   €137,480  €208,080

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What are two benefits depository institutions can provide?

Answers

They do it to keep money safe

For the current year ($ in millions), Centipede Corp. had $80 in pretax accounting income. This included warranty expense of $6 and $20 in depreciation expense. Two million of warranty costs were incurred, and MACRS depreciation amounted to $35. In the absence of other temporary or permanent differences, what was Centipede's income tax payable currently, assuming a tax rate of 25%?

Answers

Answer:

$17.25 million

Explanation:

Calculation to determine what was Centipede's income tax payable currently, assuming a tax rate of 25%

Accounting income $80 Temporary difference

Less Depreciation ($15)

($35 - 20)

Add Warranty expense $4

($6 - $2)

Taxable income $69

($80-$15+$4)

Enacted tax rate 25%

Tax payable currently $17.25 million

($69$25%)

Therefore Centipede's income tax payable currently, assuming a tax rate of 25% will be $17.25 million

Best Co. is required to file their audited financial statements with the Government Accountability Office and Cole & Dierks, CPA's have been hired to perform the engagement. Under the
General Accountability Office rules, which of the following services related to preparing accounting records, if performed by Cole & Dierks, will always impair independence?
Recording transactions for which management has determined or approved the appropriate account classification, or posting coded transactions to an audited entity's general ledger.
Preparing financial statements based on information in the trial balance.
Posting entries that have been approved by an audited entity's management to the entity's trial balance.
All of these services will always impair independence.
None of these services will always impair independence if the proper conditions are met.

Answers

General Accountability Office rules All of these services will always impair the independence of the following services related to preparing accounting records, if performed by Cole & Dierks, will always impair independence. The correct option is C.

What are the independence rules in GAAP?

The auditor must be objectively honest in order to be considered independent, and he must be unbound by any ties to the client, its owners, management, or management organization.

Personal conflicts of interest, scope restrictions, access restrictions to personnel, property, and records, as well as resource limitations like funding, may all compromise organizational independence and individual objectivity.

Thus, the ideal selection is option C.

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Universal Claims Processors processes insurance claims for large national
insurance companies. Most claim processing is done by a large pool of
computer operators, some of whom are permanent and some of whom are
temporary. A permanent operator can process 16 claims per day, whereas a
temporary operator can process 12 per day, and on average the company
processes at least 450 claims each day. The company has 40 computer
workstations. A permanent operator generates about 0.5 claim with errors each
day, whereas a temporary operator average about 1.4 defective claims per day.
The company wants to limit claims with errors to 25 per day. A permanent
operator is paid $64 per day, and a temporary operator is paid $42 per day.
The company wants to determine the number of permanent and temporary
operators to hire to minimise costs.
a) Formulate a linear programming model for this problem.
b) Solve this model by using graphical analysis.

Answers

The optimal solution is to hire 22 permanent operators and 19 temporary operators, with a total cost of $2272.50.

a) Formulating the linear programming model:

Let x represent the number of full-time employees and y represent the number of temporary employees to be hired.

The objective function is to minimize the cost of hiring operators, which is given by:

Cost = 64x + 42y

The constraints are:

The total number of claims processed per day cannot be less than 450:

16x + 12y ≥ 450

The total number of defective claims per day cannot be more than 25:

0.5x + 1.4y ≤ 25

The number of workstations available is limited to 40:

x + y ≤ 40

The number of operators cannot be negative:

x ≥ 0, y ≥ 0

Following are some ways to express the linear programming model:

Minimize Cost = 64x + 42y

Subject to:

16x + 12y ≥ 450

0.5x + 1.4y ≤ 25

x + y ≤ 40

x ≥ 0, y ≥ 0

b) Solving the model using graphical analysis:

We can graph the constraints to find the feasible region and then use the corner-point method to find the optimal solution.

First, we graph the constraint 16x + 12y ≥ 450:

12y ≥ -16x + 450

y ≥ (-4/3)x + 37.5

Next, we graph the constraint 0.5x + 1.4y ≤ 25:

1.4y ≤ -0.5x + 25

y ≤ (-5/14)x + 25/1.4

y ≤ (-5/14)x + 17.86

Finally, we graph the constraint x + y ≤ 40:

y ≤ -x + 40

Combining these three constraints, we get the following feasible region:

16x + 12y = 450

y ≤ (-4/3)x + 37.5

y ≤ (-5/14)x + 17.86

y ≤ -x + 40

We now evaluate the objective function at the corner points of the feasible region to find the optimal solution.

The corner points are:

(0, 25/1.4) = (0, 17.86)

(0, 37.5)

(21.875, 18.75)

(27.27, 12.73)

(28.125, 11.25)

When we assess the objective function at these intervals, we obtain:

(0, 17.86): Cost = 42y = 42(17.86) = 750.12

(0, 37.5): Cost = 42y = 42(37.5) = 1575

(21.875, 18.75): Cost = 64x + 42y = 64(21.875) + 42(18.75) = 2272.5

(27.27, 12.73): Cost = 64x + 42y = 64(27.27) + 42(12.73) = 2536.08

(28.125, 11.25): Cost = 64x + 42y = 64(28.125) + 42(11.25) = 2587.5

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I will give brainliest and ratings if you get this correct ​

I will give brainliest and ratings if you get this correct

Answers

3.1 The equilibrium price and quantity for City 1 are 75 and 25, respectively and the total profit for the monopoly is 3775.

3.2 City 2 has a lower price elasticity of demand than City 1.

How to calculate the value

3.1. To find the equilibrium price and quantity for each city, we need to equate the demand curve with the marginal cost curve. For City 1, we have:

P₁ = 100-Q = MC = 25

Solving for Q, we get:

Q₁ = 25

Plugging this value of Q into the demand curve for City 1, we get:

P₁ = 100-25 = 75

Therefore, the equilibrium price and quantity for City 1 are 75 and 25, respectively.

We can do the same thing for City 2 to find that the equilibrium price and quantity are 95 and 20, respectively.

To find the profit for each city, we can use the following formula:

Profit = (Price - MC) * Quantity

For City 1, we have:

Profit₁ = (75 - 25) * 25 = 1875

For City 2, we have:

Profit₂ = (95 - 25) * 20 = 1900

Therefore, the total profit for the monopoly is 3775.

3.2. To find the price elasticity of demand for each city, we can use the following formula:

Ed = -(ΔQ/Q)/(ΔP/P)

For City 1, we have:

Ed₁ = -(ΔQ₁/Q₁)/(ΔP₁/P₁) = -(0/25)/(25/75) = -1

For City 2, we have:

Ed₂ = -(ΔQ₂/Q₂)/(ΔP₂/P₂) = -(0/20)/(95/120) = -2

Therefore, City 2 has a lower price elasticity of demand than City 1.

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A MAIN reason cited by American businesses for outsourcing jobs to other countries is the high cost of
A. labor in the United States.
B. building factories.
С. training new workers.
D. shipping products around the world.​

Answers

Answer:

The correct answer is A. A main reason cited by American businesses for outsourcing jobs to other countries is the high cost of  labor in the United States.

Explanation:

Outsourcing means separating from the organizational structure of the enterprise some functions performed by them independently and transferring them to other entities for execution. This decentralization process is very evident in American companies that produce manufactured goods, which place the primary production processes in other countries such as China, Mexico or Vietnam, among others, to produce their products at a lower cost, given the lower costs. labor (lower wages, lower taxes, less expensive regulations, etc.).

Answer:

The answer is A for E2020

Explanation:

Just took the Exam

Cross-functional teams are not very effective to use when developing a new product or service

Answers

Cross-functional teams help firms prioritize their customers by fostering effective communication between teams. Bringing people with different perspectives together can improve problem-solving and lead to the formulation of more informed, sustainable decisions making

Making decisions entails choosing a course of action from among two or more viable options in order to find a solution to a particular issue.

As shown by the aforementioned definitions, decision-making is a consultative process carried out by a group of specialists in order to improve the functioning of any business. As a result, it is an ongoing and dynamic activity that permeates all other organizational activities.

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identify each CSTO from its description

Answers

Answer:
PAS
National FFA
NYFEA

I hope it helps

Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)

Note: Round your answer to the nearest cent.

Answers

If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is :  $3071.

What is monthly payment?

Monthly payment can be defined as the amount a person received on a monthly basis.

First step is to convert the month to  year

Month to year = 24 / 12

Month to year = 2 years

Second step is to find the interest using this formula

I = P × R×T

Where:

I = Interest

P = Principal

R = rate

T = time

Hence

I = 63,000 × 2 × 8.5%

I = 10,710

So,

P+ I = 63,000 + 10,710

P+I = 73,710

Now let find the monthly payment:

Monthly payment = 73,710 / 24 months

Monthly payment = $3,071.25.

Monthly payment = $3,071 (Approximately)

Therefore the monthly payment is the amount of $3071

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How does the slope of a supply or demand curve differ from elasticity of supply or demand?

Answers

The slope of a supply or demand curve differ from elasticity of supply or demand are to represent quantities to prices because of changes in the level of prices to changes in the level of quantity supply or demand.

What is demand?

The term “demand” is believing on people wants and desires to the amount of money of goods and services. Demand is an economic notion that deals with the relation between user demand for goods and services and their market prices.

The slope of a supply curve is upward basis and the demand curve basis on downward to the right was the straight line. It was the change of prices in the level of quantity supply or demand. Elasticity of supply or demand was the quantity to price demanded or supplied.

As a result, the conclusion of the difference between are the aforementioned.

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910. Show the relationship between short-run MC and MP1, and AYC and AP, mathematically
and graphically (1pts)​

Answers

Explanation:

MC is at its minimum at the same output for which MP is at its maximum; AVC is at its minimum at the same output for which AP is at its maximum. A technological advance that increases productivity shifts the product curves upward and cost curves downward.

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