Fireworks Company sold Siddle $20,000 worth of fireworks knowing that Siddle did not have a license. The purchase and payment plan was in writing, and Siddle agreed to make monthly payments of $1,500 until paid in full. The sale was illegal because Siddle did not have a license to make the purchase. Fireworks Company knew the sale was illegal because the state attorney general had previously notified Fireworks Company and other similar stores that customers needed to have proper licensing to make purchases. Fireworks Company disregarded the attorney generals notification because Fireworks Company strongly opposes government regulations. Siddle made approximately $4,500 in payments and then Siddle stopped paying. Fireworks Company sues Siddle for the remaining amount due. What is the result

Using the smith's bbq report, the cost of wine for next week will increase by 2% from the current week. if all other cost of sales stays constant, what will be the approximate total cost of sales for next week?

3. saving two consumers, larry and jeff, have utility functions defined over the two periods of their lives: middle age (period zero) and retirement (period 1). they have the same income in period 0 of m dollars and they will not earn income in period 1. the interest rate they face is r. larry’s and jeff’s utility functions are as follow. = 0.5 + 0.5 and = 0.5 + 0.5 for each person is between zero and one and represents each consumer’s temporal discount econ 340: intermediate microeconomics. ben van kammen: purdue university. rate. a. write the budget constraint that applies to both jeff and larry in terms of consumption in each period and ), interest rate, and m. b. what is larry’s and what is jeff’s marginal rate of intertemporal substitution? c. what is the slope of the budget constraint? d. write each consumer’s condition for lifetime utility maximization. e. re-arrange the conditions from part (d) to solve for the ratio, . f. if > which consumer will save more of his middle age income? g. if > 1 1+ , in which period will larry consume more: = 0 or = 1?

What is a potential negative effect of an expansionary policy? decreased borrowing increased interest rates increased inflation decreased available credit