Antonio is a 25-year-old professional tennis player. when he's not competing, he works as a coach at a local tennis club. caroline is a 40-year-old autoworker who was just laid off by her employer. she is trying to find any kind of job to make ends meet. dmitri is a 45-year-old accountant who has been out of work for almost a year. he became so discouraged that he gave up on his job search a couple of months ago. latasha is a 29-year-old who lost her job as an associate producer for a radio station. after spending a few weeks out of work and interviewing for several other positions, she gave up on her job search and decided to go back to grad school. she made that decision a few months ago.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Secure guards but not completely sure

Answerless than average total cost, regardless of whether marginal cost is rising or falling;