It makes production more efficient
Price level.
The aggregate demand curve represents the total quantity of all goods (and services) demanded by the economy at different price levels
Answer:
A cooperative effort among two or more organizations that share a common interest in a business enterprise or undertaking.
Explanation:
A joint venture is defined as a business agreement where two or more parties pool their resources together to achieve a common goal. Usually profits and losses are shared equally among the parties unless there is an agreement to share otherwise.
The joint venture is an independent entity that is seperate from its owners. That means any liability of the joint venture is not binding on the parties involved.
Answer: When a market price allocates resources, everyone who is able to pay the price gets the resource.
Explanation:
The market allocates prices to goods and services based on the scarcity of the said goods and services. This means that regardless of how scarce a good is, you can get it if you are willing to pay the price that it is being offered at.
For instance, if the price of tomatoes suddenly went up from $4 to $12 per pack, it means that tomatoes are now more scarce and not many people can afford it. If you can afford that $12 however, you will be able to get the tomatoes despite how scarce it is.
Answer:
Option (c) is correct.
Explanation:
Interest expense on Nov 30, 2016:
= (Purchase amount × Rate of interest) ÷ No. of months in a year
= ($288,000 × 12%) ÷ 12
= $2,880
Principal repayment on Nov 30, 2016:
= Monthly payment - Interest expense on Nov 30, 2016
= $25,588 - $2,880
= $22,708
Interest expense on Dec 31,2016:
= (Purchase amount - Principal repayment) × Rate of interest] ÷ No. of months in a year
= ($288,000 - $22,708) × 12%] ÷ 12
= $2,653
Therefore,
Interest expense for the year ended December 31, 2016:
= Interest expense on Nov 30, 2016 + Interest expense on Dec 31,2016
= $2,880 + $2,653
= $5,533
