We
have that
Sheri's
age=x
terry's
age=y
in
20 years
x+20
<span>=y
equation 1</span>
in 10
years
y+10<span>=2*x equation 2</span>
resolving
y=x+20 equation 1
y=2*x-10 equation 2
x+20 =2*x-10
2*x-x=20+10
x=30
y=x+20--------------y=30+20=50
Sheri's
age=x------------------30 years
terry's
age<span>=y-------------------50 years</span>
The economic term is the opportunity cost.
The concept of opportunity cost is a relatively inexpensive and relative measure that involves people's preferences, so it varies from person to person. It is a question of comparing what is left over when making a decision.
In Katie's case, the opportunity cost of the money she saves to buy a car is what she fails to do with that money. For example, she stops investing in stocks, fails to make a trip, etc.
All decisions involve an opportunity cost. Taking another example, the opportunity cost of studying for the test at the end of the week is measured by the loss of leisure you would have. However, the decision to study for the test is chosen because it is more valuable.
Answer:
The rain never arrives on time anymore. When it rains, it rains extremely heavily for a short period but it is not enough to sustain the village
Explanation:
Answer: B: real Gross Domestic Product
Gross Domestic Product that is adjusted for price changes is called real Gross Domestic
Explanation:
Real Gross Domestic Product measures the changes in the general price level of all goods and services produced by an economy in a year using base-year prices which is referred to as inflation-corrected or constant-price. It provides an accurate figure of economic growth and account for changes in the general price level.
