The shareholders' equity section of the balance sheet of The Claremont Company appeared as follows at the end of the first year of operations: Common stock, $0.04par value $240,000
Additional paid-in-capital 35,760,000
Retained earnings 12,800,000
Treasury stock (3,000,000)
Shareholders' equity $45,800,000

During the second year of operations, the following transactions occurred:

1. Generated net income of $2.4 million.
2. Paid a cash dividend of $0.6 million.
3. Purchased 100,000 shares of common stock at $3.8 per share.
4. Executed a 1-for-2 reverse stock split.

Required:
Prepare the shareholders' equity section of the balance sheet of Claremont Company at the end of the second year of operations.

David consumes two things: gasoline (g) and bread (b). david's utility function is u(g, b) = 10g^0.25 b^0.75. use the lagrange technique to solve for david's optimal choices of gasoline and bread as a function of the price of gasoline, p_g, the price of bread, p_b, and his income m. with recent decrease in the price of gasoline (maybe due to external shock such as shale gas production) does david increase his consumption of gasoline? for david, how does partial differential g/partial differential p_g depend on his income m? that is, how does david's change in gasoline consumption due to an increase in the price of gasoline depend on his income level? to answer these questions, find the cross-partial derivative, |partial differential^2 g/partial differential m partial differential p_g.