Answer:
(b). <u>Increase</u> ;<u> Decrease</u>
Explanation:
When the price of a substitute good rises, then it becomes more profitable for suppliers to shift to the other good. Therefore the supply of given good decreases, and the supply curve shifts leftward.
For example, if you're a textile manufacturer who produces cotton and silk clothes if the price of silk rises you'll reduce cotton production to divert resources towards silk. Therefore the demand for cotton clothes reduces.
Due to the leftward shift of the supply curve, the equilibrium price increases and equilibrium quantity decreases.
So we can conclude that an increase in the price of a substitute good will cause the equilibrium price of its substitute to <u>increase</u> and the equilibrium quantity to <u>decrease.</u>
Hence, the option (b) is the correct option.
Answer:
The Edgeworth-Bowley Fund basically has financial information provided by the two economic actors participating in the exchange. In this way, the indifference curves and the assigned quantities (initial allocations) of the two goods present in their respective consumption baskets are included.
By means of a square both individuals face each other, as two opposite diagrams. The first is located in the lower left corner and the second in the upper right (points 0). Alternatively, the ordinate and abscissa axes are used to represent the quantities of each merchandise, with the result that the width of the box is the quantity of good 1 and the height is that of good 2.
Then, taking into account the box built and the distribution of the products, the indifference curves of each part are drawn.
Explanation:
The Edgeworth box for the proposed exercise is attached as an attachment below:
Please download the attached file, we can see the indifference curves of each part for both Lamar and Maria.
This indicates that Toronto-Dominion Bank is engaged in "contemporary" kind of control system.
<u>Option: D</u>
<u>Explanation:</u>
Contemporary suggests contributing to the same duration of time and to a better understanding-it is a business environment with a large competitive market that continues to change at a very rapid pace and the holder of such company must be sufficiently qualified to recognize the necessities and innovations that need to be made in business in order to catch the rapid response of businesses.
The defining feature of contemporary control systems is a focus on consistently evaluating the climate of the business and adjusting accordingly. The declaration by Jongeward suggests that the Toronto-Dominion Bank is employed in this kind of regulation.
The answer is individual level of analysis. The individual level of analysis finds the cause of happenings in individual leaders or the immediate circle of decision makers within a specific country. It focuses on human actors on the world stage classifying the characteristics of human decision making. For example, the cause of World War I is from the specific leaders in power at that time. Kaiser Wilhelm II is deliberated to be the level from which the cause created. It may have been his need for power to hide a sense of subordination, or it may have been his incapability to understand the details of statecraft, the way Otto von Bismarck did. Or it may have been his notion about the monarchy and German destiny. All three possibilities are drawn from an individual level of analysis.
Answer:
C. $300,000
Explanation:
Shue Capital Account:
contribution 50,000
partnership income x 30%
withdrawals (240,000)
change in capital account (100,000)
50,000 + Shue profits - 240,000 = -100,000
Shue profit = 240,000 - 100,000 - 50,000
Shue profit = 90,000
Partnership profit:
90,000 / 0.30 = 300,000