Horatio consumes 20 fries and 12 shakes per week. the price of fries is $3 each and shakes are $5 each. 2.1 what is the amount of income allocated to shakes and fries consumption? 2.2 what is the price ratio (the price of shakes relative to the price of fries)? 2.3 if horatio maximizes utility, what is the ratio of the marginal utility of shakes to the marginal utility of fries? (hint: start with the rule that you know and then use a bit of algebra.) 2.4 if the price of fries falls, will horatio consume more fries, fewer fries, or the same amount of fries? explain your answer using the rule of equal marginal utility per dollar, and include a rationale.

When borrowers want funding to pay for different projects, they go to the loanable funds market and acquire funds through either indirect finance or direct finance. below, you are given five different scenarios. is each an example of direct finance or indirect finance?

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Power plants that rely on coal increase the amount of sulfur dioxide that dissolves into the air, eventually increasing the acidity of precipitation. the higher acidity of rain and snow can damage forests by making it more difficult for plants to absorb minerals from the soil. the equations below provide information about the market demand and supply of electricity. there is a constant marginal external cost of $25 per unit of electricity.d: qd= 200 – 2ps: qs=p – 10what quantity of electricity satisfies allocative efficiency in this market? a. 60b. 70c. 50d. 43.3