1. For each of the three independent cases that follow, provide the .pdf

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1. For each of the following situations, decide whether the bundle Lakshani is considering optimal or not. If it is not optimal, how could Lakshani improve her overall level of utility? That is, determine which good she should spend more on and which good should she spend less on. a. Lakshani has $200 to spend on sneakers and sweaters. Sneakers cost $50 per pair, and sweaters cost $20 each. She is thinking about buying 2 pairs of sneakers and 5 sweaters. She tells her friend that the additional utility she would get from the second pair of sneakers is the same as the additional utility she would get from the fifth sweater. b. Lakshani has $5 to spend on pens and pencils. Each pen costs $0.50 and each pencil costs $0.10. She is thinking about buying 6 pens and 20 pencils. The last pen would add five times as much to her total utility as the last pencil. c. Lakshani has $50 per season to spend on tickets to football games and tickets to soccer games. Each football ticket costs $10 and each soccer ticket costs $5. She is thinking about buying 3 football tickets and 2 soccer tickets. Her marginal utility from the third football ticket is twice as much as her marginal utility from the second soccer ticket. Solution a. based on her utility function what she planned is right, but in reality her words cant reliable. because once a good is consuming more and more, the aditional utility should comes down (diminishing marginal utitlity function) b. her action is correct. c. if it is the case then she can go with 6 games of soccer and one game of football with the same money right..

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1. For each of the three independent cases that follow, provide the following amounts to be
reported on the January 1. 2015. financial statements immediately after the bonds are issued.
TIP: See Exhibit 10.5 for an illustration distinguishing Bonds Payable from their carrying value.
(Negative amounts should be indicated with a minus sign.)
Solution
Answer:1January 1,2015-Financial Statements:Case A (Issued at 100)Case B(At 97)Case C (at
101)a.Bonds Payable170000170000170000b.Unamortized Premium(OR discount)0-
5100(170000*3%)1700(170000*1%)c.Carrying Value170000164900171700

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