Answer:
d) The change to the equilibrium price of French chocolate souffle is ambiguous and the equilibrium quantity of French chocolate souffle falls
Explanation:
Inferior goods are those goods whose demand falls with the rise in the income of the consumer.
As per the given case, French chocolate souffle is an inferior good. When income of the consumer rises, his demand for French chocolate souffle will fall.
Similarly, when producers of such an inferior good decrease, the supply of French chocolate souffle shall fall.
With respect to the original equilibrium level, the demand curve shall experience a leftward shift i.e decrease whereas the supply curve too experiences a leftward shift i.e supply falls.
At the new equilibrium level, definitely the equilibrium quantity shall fall, but the change in equilibrium price cannot be ascertained as per the given information.
Answer:
you do not obtain the right to vote on the selection of specific securities for the portfolio
Explanation:
As a shareholder of a mutual fund you have many rights available such as voting proxies, receiving semiannual reports, and voting rights. Unfortunately, you do not obtain the right to vote on the selection of specific securities for the portfolio. The only individual that can make this decision is the fund manager. This individual is the one that analyzes different securities and chooses the ones that will round out and diversify the mutual fund nicely while at the same time maximizing ROI potential.
Answer:
The correct answer is $7,500
Explanation:
So, the hiring cost would be:
Hiring quater × hiring cost
= 300 × $20
= $6,000
Firing Cost would be:
Firing cost = 100 × $5
= $500
= 200 × $5
= $1,000
Therefore, the total hiring and firing cost = $6,000 + $500 + $1,000
= $7,500
Answer:
A) TRUE
Explanation:
Updating marketing skills is not unrelated to modern demands in a global environment influenced by technological disruption. The need to keep abreast of changes in digital marketing for instance is essential if you have to stay relevant in the world of marketing.
