Explain why a marginal rate of substitution between two goods must equal the ratio of prices of the goods for the consumer to achieve maximum satisfaction. a consumer achieves maximum satisfaction when the marginal rate of substitution is equal to the ratio of prices because
a. otherwise the consumer could trade one good for another at market prices to obtain a higher level of satisfaction.
b. the marginal rate of substitution is equal to the ratio of the goods' marginal utilities when satisfaction is maximized.
c. satisfaction is maximized when an individual consumes an equal amount of all goods.
d. satisfaction is maximized when an individual consumes the same amount of each good as other consumers.
e. the marginal rate of substitution is less than the magnitude of the slope of the indifference curve when satisfaction is maximized.

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

The research of robert siegler and eric jenkins on the development of the counting-on strategy is an example of design.

For each of the following situations, indicate whether you agree or disagree with the financial reporting practice employed and state the basic assumption, component, or accounting principle that is applied (if you agree) or violated (if you disagree).wagner corporation adjusted the valuation of all assets and liabilities to reflect changes in the purchasing power of the dollar.spooner oil company changed its method of accounting for oil and gas exploration costs from successful efforts to full cost. no mention of the change was included in the financial statements. the change had a material effect on spooner's financial statements.cypress manufacturing company purchased machinery having a five-year life. the cost of the machinery is being expensed over the life of the machinery.rudeen corporation purchased equipment for $180,000 at a liquidation sale of a competitor. because the equipment was worth $230,000, rudeen valued the equipment in its subsequent balance sheet at $230,000.davis bicycle company received a large order for the sale of 1,000 bicycles at $100 each. the customer paid davis the entire amount of $100,000 on march 15. however, davis did not record any revenue until april 17, the date the bicycles were delivered to the customer.gigantic corporation purchased two small calculators at a cost of $32.00. the cost of the calculators was expensed even though they had a three-year estimated useful life.esquire company provides financial statements to external users every three years.