Darrel was laid off for a job recently, which paid him a very decent salary. He started to work part time in a local grocery store, which pays him slightly above the minimum wage. Based on Darrel's choice we can deduce which of the following? Darrel works less because he experiences both an income effect and a substitution effect and the income effect is stronger. Darrel works less because he experiences both an income effect and a substitution effect and the substitution effect is stronger. Darrel works less because he only experiences an income effect. Darrel works less because he only experiences a substitution effect.

Why should managers invest any excess cash

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)

Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)