Michelle's credit card has a 1% introductory apr for 12 months and after that a 19.9% apr for purchases. michelle makes purchases of $150 and plans to pay off her total balance before the grace period ends. her card has a late fee of $35 and an annual membership fee of $0. how much will michelle pay to have a $0 balance on her credit card?
$151.50
$150
$148.50
$115

One of the scarce resources that constrain our behavior is time. each of us has only 24 hours in a day, and we must allocate our time in a given day among competing alternatives. how do you go about allocating your time in a given day among competing alternatives? how do you go about weighing the alternatives? once you choose a most important use of time, why do you not spend all your time on that activity? a. as more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities rises. b. as less and less time is spent on one activity, the opportunity cost of that activity in terms of other activities rises. c. as more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities falls. d. b and c only.