Answer:
An excise subsidy has only a substitution effect since the subsidy artificially lowers the price of the subsidized good causing the consumer to increase consumption of the good, but no income effect.
Explanation:
The above is true due to the fact that the consumption of goods increases. This could have been reduced had it been that, there was never any excise subsidy on those goods.
Answer:
308 minutes
Explanation:
The average waiting time = 
= 
= 
= - 308.85 minutes
Thus; alex average waiting time, in minutes, 308 minutes if he still wants to continues to be the only worker.
Answer:
The correct answer is A that is smoothing out the random fluctuations.
Explanation:
The higher values of K states the greater number of the values which need to be consider for forecasting.
When consider or taking the larger or the higher value of the irregular fluctuation which could be decreased or reduced.
And as a consequence, the large value of K will be used for smoothing of the random fluctuations.
Therefore, the right answer is smoothing of the random fluctuations.
Answer: The Contract is valid.
Explanation:
Under the UCC’s Statute of Frauds, transactions above $500 for goods cannot be made orally alone and have to be written in writing as well. This is the law that Rosenfield relied on.
However, Fallsview can argue that the Passover Retreat is not a Good, but rather a Service in which case it does not fall under the Statute.
The main bone of contention thereby becomes, if indeed it is a service or a good.
If it is a Hybrid of both, then the Court needs to decide if the services outweigh the goods involved.
From the text we see that the following were included in the package, food, entertainment, and lectures on religious subjects.
Food is the only good there and is outweighed by Entertainment and lectures on religious subjects.
As such, the contract is valid as it is for more service than good.
