Applied Problem 3 - 1 Chapter 5: Applied Problem 1 Bridget has limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle‚ and the price of cheese is $4 per pound. The last bottle of wine added 50 units to Bridget’s utility‚ while the last pound added 40 units. a) Is Bridget making the utility-maximizing choice? Why or why not? In simplest terms wine is 50 units/$10 = 5 and cheese is 40
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Macroeconomics Problem Set 3 *Solution* Fall 2010 (Instructor: Li‚ Yao; TA: Fok Pik Lin‚ Astor) -----------------------------------------------------------------------------------------------------------------------------------Posted: Monday‚ November 1‚ 2010 Due: 5:30 PM Monday‚ November 8‚ 2010 40 marks total Part I: True/False/Uncertain Please justify your answer with a short argument for each question and draw a diagram if necessary. (15 marks‚ 3 marks each: 1 mark for correct judgment and 2 marks
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QUESTION 2 INTRODUCTION Agency theory is a model that explicate why performance or judgment differ when display by member of a group. Specifically‚ it explains the connection between the party‚ called the principal that delegates work to another‚ called the agent. It clarify their dissimilarity in performance or judgment by noting that the two parties regularly have different goals and‚ independent of their respective goals‚ may have unusual manner toward threat. In another words‚ it can be also
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Solution sto Chapter 2 Problems Accounting Judgements Questions 1. Accounting principles include: (a) Underlying assumptions – basic underlying assumptions that make accounting possible. (b) Qualitative criteria – standards to judge policy choices in conjunction with reporting objectives. (c) Measurement methods – ways to measure results and financial position. 2. The importance of establishing a document such as the IASB’s Framework is that this material helps standard setters when
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As per the information given‚ profits per acre on various crops are as follows: Profit per acre on wheat = 50 x 2 = $100 Profit per acre on Alfalfa = 1.5 x 40 = $60 Profit per acre on Barley = 2.2 x 40 = $88. Suppose Young’s production plan for the next year is as follows: Parcel Cultivation Area (Acre) Land Available Wheat Alfalfa Barley Southeast 2000 North 2300 Northwest 600 West 1100 Southwest 500 Total 6500 Total profit as per the production plan: The objective function
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In this essay I will write about three different problems in Irish society. The first topic is about mass consumerism and how internet shopping has become such common place in Irish society that everyone now a days use it to buy their shopping with. The worrying trend do is credit card theft and the increase in fraud. Technology becoming ever more sophisticated and the latest advancements in fraud it is becoming more harder to stop it and keep up to date with it. In this Essay I’ll explain credit
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List of the different types of behaviour which are inappropriate for schools Hitting – using a hand or arm with a closed or open fist to hit (make forceful physical contact) with another person. Kicking – using the foot or leg to kick or hit another person Head butting – using the head or face to hit (make forceful physical contact) with another person Scratching – using the nails of the feet or hands to break the skin of another person. Pinching – using the fingers to squeeze another
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Exercises and Problems –W2 E9-1 The following expenditures relating to plant assets were made by Spaulding Company during the first 2 months of 2011. 1. Paid $5‚000 of accrued taxes at time plant site was acquired. 2. Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. 3. Paid $850 sales taxes on new delivery truck. 4. Paid $17‚500 for parking lots and driveways on new plant site. 5. Paid $250 to have company name and advertising slogan
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for slides: Problems in the Two Wheeler Industry - Negative Growth Negative growth is the major problem being faced by companies in the two wheeler industry. The two wheeler industry has been shrinking continuously3. From a peak of over 40% growth in 2002 it is currently facing a growth of -12% in the second quarter of 2008. Exhibit 2 shows the recent trends. Exhibit 2. De-growth in the industry Analysis of the different segments leads us to the conclusion that the main reason for negative
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Week 3 individual assignment Comprehensive problem 67 Ken is 63 years old and unmarried. He retired at age 55 when he sold his business‚ understock.com. Though Ken is retired‚ he is still very active. Ken reported the following financial information this year. Assume Ken’s modified adjusted gross income for purposes of the bond interest exclusion and for determining the taxability of his Social Security benefits is $70‚000 and that Ken files as a single taxpayer. Determine Ken’s 2009 gross
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