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Economics

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a. Discuss the reason(s) behind dividing the project into three phases ( why not all of the in one phase) b. Discuss the importance of human resources part in feasibility study". c. Explain the difference between simple interest rate and compound interest rate. d. Discuss the planning horizon and why it's important for project evaluation.

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5. Division of labor Which of the following are examples of specialization? Check all that apply. Felix and Megan each spend half the day tutoring and half the day grading papers. In between tutoring and grading papers, they each must spend an hour driving home from the tutoring center and getting set up for grading papers. Victor is a fashion designer. He hires a domestic worker to clean his apartment twice a week so that he can concentrate on designing. Akshay understands people, and Eleanor is an expert on sports; therefore, Akshay is a therapist, and Eleanor is a sports commentator Which of the following are necessary conditions for specialization to occur? Check all that apply. A system of exchange must be in place. Everyone must be equally productive at the same task. Individuals focus only on the tasks they prefer Yvette is one of the top race car drivers in the world. Yvette has two kids age 12 and 14 True or False: The principles of comparative advantage and specialization imply that she can benefit by hiring someone else to drive her kids to school, even if the person she hires is not as skilled a driver True False