Assume the following for a piece of equipment: Purchase price $1.3 million; installation costs of $200,000; 6-year useful life with an estimated salvage value of $300,000. What would be the book value of this piece of equipment for each of the 6 years of useful life

Suppose for a consumer the marginal utility (mu) of bread is 20 utils and the mu of milk is 10 utils; the price of bread is $3 and the price of milk is $1. given this, a. more utility per dollar is gained from consuming bread than milk. b. more utility per dollar is gained from consuming milk than bread. c. the same amount of utility per dollar is gained from consuming milk as bread. d. the consumer is in consumer equilibrium.