U(x₁,x₂)=1/4㏑(x₁)+3/4㏑(x₂) a) What kind of preferences are these (Cobb-Douglas, quasi-linear, perfect substitutes or perfect complements)?
b) Determine optimal choice for generic prices and income.
c) Determine optimal choice when prices are P₁=3, and P₂=2 and income m =40
d) The price of good 1 decreases to p₁ = 2. Compute the optimal bundle, and then decompose the variation in the demand of good 1 in income and substitution effect according to the Slusky’s method.

Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i.e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000