The party that is liable for the loss is the BANK. This is because, the bank is liable for forged checks, if it fails to verify the signature on the check very well. It is written in the law that a payor bank that pays a check with a forged payee signature has paid a check that is not properly payable and is liable to its customer.
Answer: See explanation
Explanation:
In a pizza industry, the cost of the factory is a (fixed cost) only in the short run but not in the long run.
(Average fixed cost) is always falling as the quantity of output increases.
A cost that depends on the quantity produced is a (variable cost).
The term (opportunity cost) refers to all the things you must give up for taking some action.
The term (explicit cost) refers to costs that involve direct monetary payment by the firm.
(Average variable cost) is falling when marginal cost is below it and rising when marginal cost is above it.
The advantage of a free market economy is that when it works it can both be reward and perpetuate innovation But they are inherently more risky and does tend to favor those more capital and resources . In an Economic make system with multiple equilibria coordination failure occurs when a group of firms could achieve a more desirable equilibrium but fail to because they do not coordinate their decision making
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