Suppose It Takes Dan 5 Minutes to Make a Sandwich

question 150

Multiple Choice

Suppose it takes Dan 5 minutes to make a sandwich and 15 minutes to make a smoothie, and it takes Tracy 6 minutes to make a sandwich and 12 minutes to make a smoothie. What is the opportunity cost to Dan of making a sandwich?

• A)1/3 of a smoothie
• B)3 smoothies
• C)15 smoothies
• D)5 smoothies

Calculate the income yield on bond investments.

Calculate the capital gain yield on bond investments.

Calculate the total rate of return on bond investments.

Understand the concept of compound interest and its application in growing principal over time.

---

Definitions:

Scheduled Hours

The set times during which an employee is expected to be at work, as determined by their employer.

Qualified Retirement

A retirement plan that meets requirements set by the Internal Revenue Code, offering tax benefits such as tax-deferred growth on earnings.

Tax Regulations

Comprise the laws and rules governing how taxes are assessed, collected, and managed by governmental entities.

Favorable Tax Treatment

Tax policies or practices that are advantageous to businesses or individuals, reducing the amount of tax they have to pay.