U(x₁,x₂)=1/4㏑(x₁)+3/4㏑(x₂) a) What kind of preferences are these (Cobb-Douglas, quasi-linear, perfect substitutes or perfect complements)?
b) Determine optimal choice for generic prices and income.
c) Determine optimal choice when prices are P₁=3, and P₂=2 and income m =40
d) The price of good 1 decreases to p₁ = 2. Compute the optimal bundle, and then decompose the variation in the demand of good 1 in income and substitution effect according to the Slusky’s method.

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)

crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?