You have an income of $100 to spend on two commodities. The price of commodity 2 is constant at $1.
(1) The price of commodity 1 is $2 for the rst 20 units, but $1 for each additional unit exceeding 20. Draw the budget set.
(2) The price of commodity 1 is $2 if 20 or fewer units are purchased, but $1 for all units (including the rst 20) if more than 20 units are purchased. Draw the budget set. Now suppose income is still $100, but commodity 1 is priced according to the bulk discount of part (2) above.
(3) The price of commodity 2 is $2 for the rst 30 units, but $1 for each additional unit exceeding 30. Draw the budget set.
(4) The price of commodity 2 is $2 if 30 or fewer units are purchased, but $1 for all units (including the rst 30) if more than 30 units are purchased. Draw the budget set.

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.

If a government accumulates chronic budget deficits over time, what's one possible result? a. a collective action problem b. a debt crisis c. regulatory capture d. an unfunded liability

Type of deposit reserve requirementcheckable deposits $7.8 - 48.3 million 3%over $48.3 million 10noncheckable personal savings and time deposits 0refer to the accompanying table. if a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are$1.2 million.