Opportunity Cost is the measurement of sacrifice. Opportunity Cost exists

because of what?

A. the production of two goods in an economy

B. the PPF Model of economics

C. the scarcity of resources available in an economy

C. the scarcity of resources available in an economy

Explanation:

Opportunity Cost is indeed a measurement of sacrifice as it is the cost of the next best alternative foregone in other to be able to make the current decision.

The reason Opportunity costs exist is because of a scarcity of resources. This means that we have to manage our resources by applying them to one alternative at a time so that they do not finish. Had resources been infinite, all alternatives could be embarked on.

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

yup the answer is