Acompany uses the periodic inventory method. if beginning inventory is understated by $10,000 because the prior’s year’s ending inventory was understated by $10,000. the company’s ending inventory for this period is correct. the effect of this error in the current period is that (i) cost of goods sold is and (ii) net income is . (i) overstated and (ii) overstatedb. (i) understated and (ii) understatedc. (i) overstated and (ii) understatedd. none of thesee. (i) understated and (ii) overstated

David consumes two things: gasoline (g) and bread (b). david's utility function is u(g, b) = 10g^0.25 b^0.75. use the lagrange technique to solve for david's optimal choices of gasoline and bread as a function of the price of gasoline, p_g, the price of bread, p_b, and his income m. with recent decrease in the price of gasoline (maybe due to external shock such as shale gas production) does david increase his consumption of gasoline? for david, how does partial differential g/partial differential p_g depend on his income m? that is, how does david's change in gasoline consumption due to an increase in the price of gasoline depend on his income level? to answer these questions, find the cross-partial derivative, |partial differential^2 g/partial differential m partial differential p_g.