short run; the quantity of output where profits are highest
<h3>What is a firm?</h3>
A firm is a for-profit enterprise that typically takes the form of a partnership and offers professional services like accounting or legal counsel. According to the philosophy of the firm, businesses exist to maximise profits.
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Answer:
5 percent per year.
Explanation:
Base on the scenario been described in the question, where we saw the demand loanable funds for car loans in the milwaukee area is $10 million per month at an interest rate of 10 percent per year, $11 million at an interest rate of 9 percent per year, $12 million at an interest rate of 8 percent per year, if eventually the supply of loanable funds is fixed at $15 million, the equilibrium rate will be 5 percent per year because it is fixed
Number 5
1. Reference
2. Skills
3. Hobbies and interests
4. Education and Qualification
5. Employment history
If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work? It would likely be more difficult to find work due to the business not hiring new employees. The contraction phase of the business cycle shows a decline in the economy. When there is a decline in the economy, it is less likely for a business to hire new employees and the unemployment rate then rises.
