Balancing utility and price suppose kate has to choose between purchasing high-definition televisions and milk. which of the following is the utility-maximizing rule that kate should follow while choosing the optimal quantities of these two goods? (note: in the answer options that follow, mu stands for "marginal utility.") (mu of milk) times (price of milk) = (mu of hdtvs) times (price of hdtvs) mu of milk = mu of hdtvs mu of milk/price of hdtvs = mu of hdtvs/price of milk mu of milk/price of milk = mu of hdtvs/price of hdtvs since milk costs little and high-definition televisions are expensive, it must follow that when people choose their optimal quantities of milk and high definition televisions to purchase, the marginal utility they receive from the last high-definition television they buy the marginal utility they receive from the last gallon of milk they buy.

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak

Consider the market for gas-powered small cars. assume gas-powered small cars are a normal good. for each of the following events, identify which of the determinants of demand or supply are affected. if demand is unaffected by this event because it creates only a supply change, select the “none” option under the “demand determinant” column. similarly, if supply is unaffected by this event because it creates only a demand change, select the “none” option under the “supply determinant” column. event demand determinant supply determinant people decide to have more children. the price of electric small cars falls. the discovery of a new source of iron ore lowers steel prices. an economic recession lowers people’s wealth. a number of major car dealers decide to switch from selling gas-powered cars to selling electric cars. show the effect of the following event on the market for gas-powered small cars: people decide to have more children for each of the four independent situations, prepare the journal entries to record the exchange on the books of each company.