Answer
The answer and procedures of the exercise are attached in the image below.
Explanation
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Answer:
LLC
Explanation:
LLC is known as limited liability company. It is a corporate structure in the United States whereby the proprietors are not by and by subject for the organization's obligations or liabilities. Constrained risk organizations are crossover substances that join the attributes of a company with those of an association or sole ownership.
2. and 4., hope this helped!
The total cost of the lone will be lower
Answer:
By setting the price of goods and services at a level where the suppliers and consumers feel comfortable, the quantity of goods and services supplied will be the same as the quantity of goods demanded.
Explanation:
A price system is a means of arranging economic activities by setting the standard prices of goods and services in that particular economy. In this way the agents of demand and supply can have an estimate of the price of various goods and services. In this way, a supplier who doesn't know the price of a goods or service that he/she plans to sell to a different country or region can use the price system to adjust their selling price effectively. On the same note, the consumers can also acquire goods and services that they have never demanded before by using the price system to determine the standard prices for those goods or services.
Prices are a reflection of the consensus between suppliers and consumers about the value of goods and services. The equilibrium price can be defined as the price where the quantity of goods supplied equals the quantity demanded. By setting the price of goods and services at a level where the suppliers and consumers feel comfortable, the quantity of goods and services supplied will be the same as the quantity of goods demanded.
