Answer:
Consumers will consume less of the good whose relative price has risen and more of the good whose relative price has fallen.
Explanation:
The substitution effect refers to the change in the consumption of a good, due to the variation in its price, for the consumption of another good that becomes relatively cheaper. Thus, in the substitution effect if prices increase, consumers will consume a smaller amount of a given good, since its price has risen and a larger amount of the good whose relative price has become cheaper.
EXPLANATION: The MP curve is one of three related curves used in the analysis of the short-run production so basically the marginal product (MP) curve plays in key role in the economic analysis of short-run production by firm
Answer: MP curve looks like a reverse U shaped curve or are invertedly U-shaped
Answer:
D. Predictive Analytics
Explanation:
Predictive analytics is a data mining technique that involves the use of old previous information in the prediction of future activities. It is the use of statistical data and algorithms in determining the likelihood that a future event will occur based on the historical facts found in the statistical data. It is used in identifying patterns and predicting future outcomes and trends based on those identified patterns. An example of this is a forecast that helps police in predicting areas most likely that crime will occur.
The sun being out causes children to come outside and “escape from their homes” to enjoy the sun. without the sun (rain or cloudy weather), children will most likely stay inside
<u>Answer:</u><u> </u>Seamus should structure the purchase as a stock acquisition.
<u>Explanation:</u>
Stock acquisition means buying the shares of chosen company. Here Seamus is trying to buy the shares of target company. Through stock acquisition the entire shares of another owner is acquired and which also includes his liabilities. Even the unwanted liabilities can be transferred back to the seller.
This stock acquisition option provides favorable tax results for Seamus. The capital gains need not be paid by Seamus . This option of stock purchase does not require third party consent for completing the transaction.
