If the Price of Alpo Increases from $0 A)4 McBurgers
B)3 McBurgers and 1 Can of Alpo
C)2

question 142

Multiple Choice

If the price of Alpo increases from $0.50 to $1, Mr. Tightwad, a utility-maximizing consumer, would spend his $4 on which of the following? $$\begin{array} { c } \text { Alpo } \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { McBurgers }\\\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Cans } \\\text { Consumed } \\\text { per Day }\end{array} & \begin{array} { c } \text { Total utility (Units } \\\text { uf utility) }\end{array} & \begin{array} { c } \text { McBur gers Consumed } \\\text { per Day }\end{array} & \begin{array} { c } \text { Total utility (Units } \\\text { d utility) }\end{array} \\\hline 0 & 0 & 0 & 0 \\\hline 1 & 7 & 1 & 16 \\\hline 2 & 13 & 2 & 28 \\\hline 3 & 16 & 3 & 36 \\\hline 4 & 17 & 4 & 40 \\\hline\end{array}\end{array}$$

• A)4 McBurgers
• B)3 McBurgers and 1 can of Alpo
• C)2 McBurgers and 2 cans of Alpo
• D)1 McBurger and 3 cans of Alpo

Record and understand the financial transactions associated with the issuance and payment of bonds.

Recognize the implications of various bond features including callability, convertibility, and security backing.

Understand the tax implications of bond interest expense.

Calculate the effective interest rate on bonds issued at a discount or premium.

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