Business, 15.04.2020 18:57 mrwiggles675

According to the textbook, the fact that one can buy a T-shirt for $5 in the United States is due primarily to

a. consumer demand for $5 T-shirts.
b. marketing strategies of large apparel companies.
c. the accessibility of cheap cotton.
d. lack of concern for the workers who make T-shirts.

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Answer from: help26852

Incomplete question. However it is inferred that question can be answered generally speaking.

c. the accessibility of cheap cotton.

Explanation:

Remember, selling price is a function of cost. Therefore, a $5 T-shirt may to a very large extent be affordable by most persons in the United States, because of the accessibility of cheap cotton in the country.

This access to cheaper raw material may increase the number of manufacturers in the country; resulting in a fair price for T-shirts due to competition among manufacturers.

Answer from: Quest

almost done 23 out of 25

Answer from: Quest

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans.

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.

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