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In a two-person, two-good exchange economy, assume that uA(xA; yA) = xAyA and that uB(xB; yB) = xByB and that the total resources are x and y. Depict the set of Pareto allocations in the Edgeworth box. Then show that if = there are exactly two allocations that maximize the social welfare function W(xA; yA; xB; yB) = uA(xA; yA) + uB(xB; yB). Use this result, along with the corresponding result for 6= , to establish that this example is indeed a counterexample to the converse of the above theorem.
Suppose a corporation issues 5,000 shares of $1 par common stock for $30 per share. In addition to the increase in cash, what effect does this transaction have on the accounting equation?
a. explain the federal gift and estate taxes. what is the purpose of the federal gift tax? what is the reason of the
question the december 31 2012 condensed balance sheets of pym corp. and its 90 percent-owned subsidiary sy corp. are
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Describe the type of business you have created including the product or service, and general staffing plan. Provide a rationale for your plan.
question 1. on the last day of the year smith corp builds a no liquidating distribution to fred its sole shareholder of
As prepaid expenses expire with the passage of time, the correct adjusting entry will be a debit to an asset account and a credit to an asset account. Debit to an expense account and a credit to an asset account. Debit to an expense account and a cre..
Calculate the unit costs for materials and conversion costs. Determine the costs to be assigned to the units transferred out and ending work in process.
Prepare an income statement, beginning with income from continuing operations. Indicate the statement presentation of any item not included in (a) above.
Agrico, Inc., accepted a 10-month, 13% (annual rate), $4,050 note from one of its customers on May 15, 2016; interest is payable with the principal at maturity. Prepare the horizontal model to record the interest earned by Agrico during its year ende..
BA204 Financial Accounting Written Report Assignment. Journalise and post the January transactions. Key all items by date
The chief executive officer of Ginny's Fashions has included the following financial statements in a loan application submitted to Priority Bank.
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