Mindy's credit card has an APR of 15%, calculated on the previous monthly balance, and Mindy makes a payment of $50 every month. Her credit card
record for the last 7 months is shown in the table below.
End of
month
1
2
3
4
5
6
7
Previous
balance
$0.00
$45.00
S188.56
S230.92
$260.81
$252.07
$432 22
New
charges
$45.00
$193.00
$90.00
$77.00
$38.00
$227.00
$88.00
Payment
received
$0.00
$50.00
$50.00
$50.00
$50.00
$50.00
$50.00
Finance
charges
$0.00
?
S2 36
S2.89
$3.26
$3.15
$5.40
Principal
paid
$0.00
$49.44
$4764
347.11
$46.74
$46,85
$44.60
New
balance
$45.00
$168.56
5230.92
$260.81
5252.07
$432.22
$475.62
What were the finance charges in month 2?
O A. $0.56
B. $0
O c. $3.26
D. $0.78

oof

explanation:

f

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; no individual buyer or seller has any significant impact on the market price;