Which statement explains how people working in their own self-interest produce goods, services, and wealth for others?

Q: why do we minus the 30,000? cant we just only add up the cost iccured by this decision?

A: Opportunity cost means the forgone income.  It means what actual amount we have lost in acquiring…

Q: Find the final hourly wage if a $10.50 starting wage is increased by 4.5% every 6 months for 9…

A: Here we have to calculate the final wage given the increase ration of 4.5% every 6 months for 9…

Q: How can we find Annual Equivalent?

A: We can find the annual equivalent by using the following formula.

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: Jose buys a motorcycle for 125,000 and plans to keep it for 10 years after which it will be sold for…

A: Cost of motorcycle = 125,000 year = 10 Depreciation = 10,500

Q: How did you compute 7.2%?

A: Stay-even analysis shows if your change in price is viable or profitable or not. The formula for…

Q: Under a dwelling property form DP-2 . Which of the following terms is used to describe on which…

A: A DP2 coverage covers your property for its replacement cost, or the full amount needed to replace…

Q: An individual owns a life insurance policy with an investment in the contract of $75,000 and a cash…

A: The protection from financial loss resulting from certain circumstances is referred to as insurance.…

Q: The return a lender receives for allowing borrowers the use of their savings for one year,…

A: Disinflation is the decrease in inflation rate over years.  Real interest rate is the rate of…

Q: What does the AE method provide?

A: The investment expenditure is an important component of the aggregate demand in the economy. It is…

Q: ICD-10 was implemented in October 2015. Summarize how the industry handled it.

A: The first international classification list called as international list of causes of death was…

Q: Which of these is the tenant's responsibility? Taking reasonable care of the property, giving notice…

A: a person who gives money to the owner of a room, flat, house, or piece of property in order to…

Q: 20+100+200000

A: 100+20+200000120+200000200120

Q: Please help with part D

A: A Pareto efficient allocation is one in which one party can be made better off only at the cost of…

Q: A member must at all times b member's trust obligations fr Money in the member's trust account. The…

A: The inquiry focuses on the subject of financial responsibility and trust obligations in a particular…

Q: what is the d than?

A: Price ceiling:It is a situation when the government controls the prices of goods and services to…

Q: Living in retirement 25 years Retirement age 65 Annual income $100,000 Interest Rate 6% Need 2…

A: Answer - Need to find- Present value  Given in the question- Living in retirement 25 years…

Q: select a Canadian company identify and analyze the business strategy to reduce environmental and…

A:

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

Q: How do sales taxes typically apply in a business environment?

A: Sales tax is a consumption tax imposed by the government on the sale of goods and services. It is…

Q: Ans for part D

A: As given utility function is U(B,P) = 2B +P Given utility function is case of perfect Substitute…

Q: Calculate Your Taxes To find your net pay, you'll need to first calculate your taxes. Start period…

A: When a person receives his/her income, he/she has to pay a certain number of taxes that include…

Q: You have 1 account:   The balance owed is $1500 and a $7500 credit limit.   What is the maximum…

A: A debt-to-credit ratio compares the amount of debt an individual owes to the total of credit limit…