Malachi only consumes 2 goods: dvd rentals and coffee. his utility function is = ..25, where r is the number of rentals and c is cups of coffee. malachi has $16 in his pocket right now, and he plans to spend all of the $16 on dvd rentals and coffee today. a. the price of one rental is $4 and the price of coffee is $2 per cup. solve for malachi’s optimal bundle. b. suppose that malachi signs up for a membership that reduces the price of a rental to $2, while leaving his income unchanged. find the substitution effect, the income effect, and the total effect of the decrease in the price of video rentals on malachi’s consumption of rentals and coffee. c. from your answer to part (b), are dvd rentals and coffee normal or inferior goods for malachi? explain.

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability

Florence invested in a factory requiring. federally-mandated reductions in carbon emissions. how will this impact florence as the factory's owner? a. her factory will be worth less once the upgrades are complete. b. her factory will likely be bought by the epa. c. florence will have to invest a large amount of capital to update the factory for little financial gain. d. florence will have to invest a large amount of capital to update the factory for a large financial gain.