« previous next »

Author Question: Who controls a sole proprietorship? A) owner B) bondholders C) stockholders D) ... (Read 72 times)

mckennatimberlake

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
Who controls a sole proprietorship?
 
  A) owner B) bondholders C) stockholders D) employees

Question 2

When the price of corn increases, the quantity of corn demanded falls. Explain this change in terms of income and substitution effects.
 
  What will be an ideal response?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


al

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

When the price of corn rises, households have less purchasing power than before. If corn is a normal good, this means that they will consume less of it. This is the income effect. Also, an increase in the price of corn makes corn relatively more expensive. Thus, households will shift away from purchasing corn to purchase relatively cheaper goods. This is the substitution effect. Both effects imply that the quantity of corn demanded will fall as the price of corn rises.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Using Controls to Monitor Results Using Controls to Monitor Results
The bimetallic temperature sensor spring controls the amount of silicone that is allowed into the ... The bimetallic temperature sensor spring controls the amount of silicone that is allowed into the ...
The chart under the cover for the relay center indicates the location of the relay that controls ... The chart under the cover for the relay center indicates the location of the relay that controls ...
Petrale Sole Petrale Sole
Controls of Temperature Controls of Temperature
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library