Answer:
The correct answer is: the actual price is higher than equilibrium price.
Explanation:
With a downward sloping demand curve and upward-sloping supply curve, excess supply means that the supply is more than quantity demanded. The actual price is higher than the equilibrium price level.
We are aware that price and supply are directly related, so the firms will supply more at a higher price. But price and quantity demanded are inversely related, so at higher price, the consumers will demand less quantity of the product.
Thus excess supply is created in the market at a price higher than the equilibrium price.
An organization that offer goods and services to customers to earn a profit are known as, for profit organizations. A for profit organization is a organization that has a goal to earn profit from their customers.
Answer:
According to the data provided the opportunity costs is detailed below:
Initial Balance $20,000
Monthly interst $200
Investment $500
________________________
The Opportunity cost is $500
Explanation:
The opportunity cost is the price you pay for not choosing best second alternative when you make a decision. In this case the person has three options:
1. Spending the money
2. Save the money
3. Invest the money
Once the money is spent the opportunity costs is generated and it is measured by the interest rate lost for not keeping the money in the investment that will generate an interest rate of $500 monthly.
Answer: Short term is less costly
Explanation:
Total interest cost under long term financing = 800,000 × 12% × 2
= 800000 × 0.12 × 2
= $192,000
Total interest cost under short term financing = (800,000 × 7% ×1)+ (800,000 × 13.95% × 1) =
= (800000×0.07×1) + (800,000×0.139×1)
= $167,600
Based on the above solution, Short term financing is less costly.
Answer:
b
"Saving for a Rainy Day"
Explanation:
"saving for rainy day' is a phrase that means putting some money a side for use in times of need. The phrase encourages people to save money for emergency use. As a rule of thumb, one should have at least three times their normal income as savings.
