Abc inc., produces baby food in a developing country. firms in this industry produce differentiated products such that no two brands of baby food are perfect substitutes. the demand for? abc's product has traditionally been high.? however, recent data on economic indicators suggests a shift in? people's consumption patterns. there has been a marked increase in the per capita gdp in this country. while this has led to an increase in the demand for many goods and? services, the demand for? abc's baby food has fallen even though the other brands of baby food are still doing well.

which of the following is most strongly implied by this?

a. ? abc's baby food is a giffen good.

b. the equilibrium price of? abc's baby food is likely to increase.

c. most baby food brands are considered as inferior goods.

d. the demand curve for? abc's baby food is continually shifting rightward.

e. the demand curve for baby food in general has shifted to the left.

Partnerships are the most common type of business firms in the world. t/f

Most states have licensing registration requirements for child care centers and family daycare homes. these usually include minimum standard for operation. which of the following would you most likely find required in a statement of state licensing standards for child care centers?

In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?