Answer:
All of these is true.
Explanation:
In the long run, the real GDP moves to potential level. It is because in the long run when the price level increases, the price of factor inputs increases as well.
The economy can produce reach natural rate of employment and potential output at any price level. Increase in price does not cause the output to increase in the long run.
Improvement in the state of technology or increase in available resources causes the output level to increase.
Cyclical unemployment will not exist in the long run, only natural unemployment will exist. All the available resources will be fully employed in the long run.
Answer:
Albert will not have unlimited liability for either of those transactions since he is a limited partner.
Answer:
Interest for second year $2,114.08
Explanation:
given data
loan Amount = $40,000.00
Interest rate r = 6.00%
time period t = 7
solution
we get here first Equal Monthly Payment EMI that is express as
EMI = 
................1
here P is Loan Amount and r is rate and t is time period
put here value and we get
EMI = 
EMI = $7165.40
now
we get here interest for second year that is
Closing balance at year 1 = opening balance + Interest - EMI Payment
Closing balance at year 1 = $40,000 + $2400 - $7165.40
Closing balance at year 1 = $35234.60
so Interest for second year $2,114.08
Answer:
The company should hire 2 min in television and 3 min in radio.
Explanation:
This is a maximization problem. The first thing to do is to set the main equation given and to define the constrainsts. In this case the constraints are: 3x+1y ≤ 10, x ≥ 0, y ≥ 0 x and y are integers (since you only can hired entire minutes). An interation process with possible x,y combinations is the proper approach. If you do not use solver (Excel microsoft), you have to prove every x,y possible combination and visually identify the max outcome for revenues
