Ajewelry store has a discount for customers who purchase multiple pairs of earrings: after paying full price for one pair of earrings, the second pair is 15% off. john goes to the store and finds a pair of earrings he likes that is sold for $40 per pair, so he purchases two pairs for a total cost of $74.which of the following must be true? a. john's willingness to pay for the first pair is no more than $74.b. john's willingness to pay for the second pair is at least $34.c. john's willingness to pay for the two pairs of earrings is at least $74.d. john's willingness to pay for the second pair is lower than his willingness to pay for the first pair.

Correct Statement is D

Explanation:

Provided information,

The Jewelry Store sells pair of earrings, where the discount is of 15% on the price of second pair.

This states that the consumer will always be willing to pay the cost of first pair in full, whenever the customer buys such pair, whether alone or with some additional pair.

Thus the willingness to pay for any pair after purchase of first pair of earrings will always be less than the cost of first pair, as the amount paid for first pair is $40 and that for second pair costing $40 but purchased for $34 as because there was discount on second pair.

In the given case John purchased the second pair because there was discount, else John has bought the same pair for $40.

Thus his willingness for second pair is always lower than the price of first pair.

Correct Statement is D

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.