Table 2-13 Table 2-13 Shows the Output Per Day of Two Pet

question 400

Multiple Choice

Table 2-13
$$\begin{array} { | l | c | c | } \hline & \text { Tammi } & \text { Horace } \\\hline \begin{array} { l } \text { Dogs } \\\text { Groomed }\end{array} & 20 & 12 \\\hline \text { Cats Bathed } & 10 & 8 \\\hline\end{array}$$
Table 2-13 shows the output per day of two pet groomers, Tammi and Horace.They can either devote their time to grooming dogs or bathing cats.
-Refer to Table 2-13.What is tammi's opportunity cost of bathing a cat?

• A)half a groomed dog
• B)two groomed dogs
• C)two-thirds of a groomed dog
• D)one and a half groomed dogs

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Definitions:

Compound Interest

Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Reinvested Interest

Reinvested interest is the compounding of interest by adding the payments back to the principal amount instead of paying it out, thereby increasing the total interest earned over time.

Simple Interest

Interest calculated only on the principal amount of a loan or investment, not on any previously earned interest.

Account Balance

The total amount of money present in an account at a given point in time, considering all credits and debits.