« previous next »

Author Question: Ron regularly deposits 200 each week into a savings account, which earns 3 interest per year. This ... (Read 75 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Jun 29, 2018
Ron regularly deposits 200 each week into a savings account, which earns 3 interest per year. This month he decides instead to invest 200 into the stock market. What is the opportunity cost of Ron's decision to invest rather than save?
 
  A) 200
  B) The 3 interest he could have earned by depositing another 200 into his savings account
  C) The difference between the rate of return he enjoys in the stock market and the 3 interest return he could have earned by depositing that 200 into his savings account
  D) Zero, because Ron already had the 200

Question 2

What are the reasons some people choose to be part-time workers?
 
  What will be an ideal response?


durant1234

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Some people are part-time workers for economic reasons: They want full-time work but cannot find it. These people are called involuntary part-time workers. Other people choose to be part time for non-economic reasons. These reasons include health problems, family or personal responsibilities, and/or educational commitments that limit availability for work.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Tar deposits in the lung Tar deposits in the lung
Development of a Baby in 36th Week Development of a Baby in 36th Week
Seven-week embryo showing development of arm, forearm, and hand Seven-week embryo showing development of arm, forearm, and hand
Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ... Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Phases of an Action Potential - Resting Potential, Threshold, Rising, Falling, & Recovery Phases

For a complete list of videos, visit our video library