Consider the following two mutually exclusive alternatives. A Cost Uniform annual benefit Useful life (years) Rs. 4,000 Rs. 640 20 B Rs. 6,000 Rs. 960 20 Using a 15% interest rate, determine which alternative should be selected based on the future worth method of comparison.

Q: What are economic systems, and how do they differ?

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A: Economics refers to the subject that helps us solve the problem of scarcity of resources and…

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A: The study of economics examines how societies make use of scarce resources to produce valuable goods…

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Q: What does the Third World country mean to the subjects of Economics?

A: In economics developing countries are known as third world country.

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A: full work as an economy in which the joblessness rate approaches the nonaccelerating expansion pace…

Q: Write a summary of the fundamental concepts of economics.

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Q: List the two branches of economics.

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Q: Why economics is a relevant subject, and why it's important?

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