Quasimodo from Your Workbook Has the Utility Function U(x, M)=

question 40

Multiple Choice

Quasimodo from your workbook has the utility function U(x, m) = 100x - x²/2 + m, where x is his consumption of earplugs and m is money left over to spend on other stuff.If he has $10,000 to spend on earplugs and other stuff and if the price of earplugs rises from $50 to $70, then his net consumer's surplus

• A)falls by 800.
• B)falls by 2,800.
• C)falls by 600.
• D)increases by 400.
• E)increase by 1,600.

Calculate bond payable adjustments in consolidation, including fair value adjustments and straight-line amortization.

Prepare consolidated income statement and retained earnings statement.

Compute the impact of land sales among consolidated entities and its effect on financial statements.

Calculate adjustments for inventory transactions between parent and subsidiary and their impact on consolidated financial statements.

---

Definitions:

Sugarcane

A tropical grass from which sugar is extracted, known for its tall stalks rich in sucrose.

Gibberellins

A class of plant hormones that promote growth and influence various developmental processes, including stem elongation, germination, and flowering.

Zeatin

A type of cytokinin, which is a plant hormone that promotes cell division, growth, and leaf expansion.

Day-Neutral

Plants that flower regardless of the length of the day, not specifically triggered by long or short day lengths.