Answer:
Explanation:
Joint tenancy is a lawful course of action in which at least two individuals possess a property together, each with equivalent rights and commitments. When one of the proprietors in a joint tenure dies, that proprietor's interest in the property goes to the survivors without the property experiencing the courts.
Answer:
True
Explanation:
Commercial insurance companies have sales department, in which insurance sales agents are responsible to sell health insurance policies to the individuals.
Answer:
A) in any particular year, the level of GDP is determined mainly by the level of aggregate expenditure.
Explanation:
The formula for calculating the aggregate expenditure (AE) of an economy is the same used to calculate the gross domestic product:
Aggregate expenditures = consumption + investment + government + net exports (exports - imports)
The main difference between the GDP ans AE is that AE measures the planned consumption, the planned investment, the planned government expenses and the planned net exports.
he equation is: AE = C + I + G + NX. The aggregate expenditure determines the total amount that firms and households plan to spend on goods and services at each level of income.
Answer:
If sales fall by 20% AFC raises 38 cents per paper, i.e. a 25% increase in AFC.
Explanation:
To find the average fixed cost (AFC), we have to sum all fixed costs and divide it by the amount of units produced. Fixed costs are those that don't depend on how much is produced, in this case, rental and labor cost don't depend on output, as you can neither move to a cheaper place nor decrease labor obligations even if the factory had no output (newspapers printed).
We can see that as the output reduced, AFC rose 38 cents per paper or a 25% increase in AFC.
