Suppose a consumer has an income of $100 to spend on chocolate bars and ice-cream cones. she faces a constant price of $1 for chocolate bars. however, the price of ice cream depends on how much you buy. the first 10 ice cream cones cost the consumer $2 each, but every cone after that is $0.50 each. draw the budget set. (note: x-axis is labeled as ice-cream cones). also, write down the budget curve and its slope. repeat above if every cone after first 10 ice cream is now 4 dollars each

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.