The total effect of a price change on the amount of a good that a consumer demands can be broken down into two parts: the income effect and the substitution effect. consider an increase in the price of the good and assume that the good in question is not a perfect substitute or a perfect complement relative to another good.
1st attempt see hint if the good is normal, then
(1) the substitution effect is the demand curve is ,
(2) the income effect is c , and
(3) the slope of if, however, the good is inferior (but not a giffen good), then
(4) the substitution effect is , ,and
(5) the income effect is finally, if the good is a giffen good then
(6) the slope of the demand curve is d , finally, if the good is a giffen good then
(7) the substitution effect is
(8) the income effect is , and
(9) the slope of the demand curve is

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity

Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.