Suppose we have 2 goods, x1 and x2, with respective prices p1 and p2. sam has income m. sam’s demand function for good x1 is given by: x1(p1,p2,m) = p2m - p21 (a) given the above demand function, graphically depict how we would derive sam’s engel curve from the income consumption curve (just give a rough sketch like the ones done in the lecture notes). (b) are goods x1 and x2 substitute goods? explain. (c) now suppose p2 = 5 and m = 10. there are 20 consumers in the market and all consumer’s have identical demand functions. what is the market demand function. (d) find the price elasticity of market demand if p1 = 3. (e) given the price elasticity of demand you calculated in part d), is good 1 an ordinary good or a giffen good? explain.

Lo.2, 3, 9 lori, who is single, purchased 5-years class property for $200,00 and 7-years class property for $420,000 on may 20, 2018. lori experts the taxable income derived form the business (without regard to the amount expensed under ⧠179) to be about $550,000. lori has determined that she should elect immediate ⧠179 expensing in the amount of $520,000, but she doesn’t know which asset she should completely expense under ⧠179. she does not claim any available additional first-year depreciation. a. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 5-year class asset. b. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 7-year class asset. c. what is your advice for lori? d. assume that lori is in the 24% marginal tax bracket and that she uses ⧠179 on the 7-year asset. determine the present value of the tax savings from the depreciation deductions for both assets. see appendix g for present value factors, and assume a 6% discount rate. e. assume the same facts as in part (d), except that lori decides not to use ⧠179 on either asset. determine the present value of the tax savings under this choice. in addition, determine which option lori should choose. f. present your solution to parts (d) and (e) of the problem in a spreadsheet using appropriate microsoft excel formulas. e-mail your spreadsheet to your instructor with a two-paragraph summary of your findings.

Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)

Serious question, which is preferred in a business? pp or poopoo?