Bob is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Bob has only 20 hours this week that he can devote to training. Each hour he spends swimming is an hour that he can't spend biking or running. Which basic principle of individual choice do these statements best illustrate?A: Bob can use time most efficiently by spending the same amounts of time on swimming, biking, and running. B: People face trade-offsC: People usually exploit opportunities to make themselves better off. D: Bob has an incentive to spend more time on swimming than on biking or running.
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Resources that are valuable but not rare can be categorized asanswers: organizational weaknesses. distinctive competencies. organizational strengths. complementary resources and capabilities.
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Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?
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