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Help Save & Exit Total utility. 42 utils f) Given your answers in b) and e), at a budget of $42, draw the demand curve for snorkelling. Plot only the endpoints in the graph below. Show the effects of the change in the price of snorkelling in the graph. Use the drop-line tool to show the change in price. 20 Tools 15 D dropline 1 Price per hour ($) 10 dropline 2 5 D 0 1 2 3 4 5 6 7 8 Ob) State where will each of the following expenditure show up in the balance of payment account? Give a reason for your answer(12 marks) i. Bakhresa (Azam) groups export of Azam Juice to Uganda(2 marks) ii. Bakhresa (Azam) groups hiring of British Merchant Bank as a consultant(2 mark) ili. CRDB Bank's profit in Rwanda(2 marks) iv. A Tanzania citizen consumes a meal at a restaurant in Kampala Uganda and pays with her Tanzania bank card.(2 marks) V . A Burundi immigrant living in Tanzania sends a check drawn on his Tanzanian bank account as a gift to his parents living in Burundi. (2 marks) vi. CRDB bank uses of profit in Rwanda to build a branch in Rwanda(2 marks)school of | YORK ntinuing studies | HIHIHI MY COURSES INSTRUCTOR SUPPORT STUDENT SUPPORT SWITCH THEME Kirti Hooda estion 41 Suppose you have two part-time jobs, Restaurant Server and Uber Driver. After younger servers start working for less, employers pay only $11 instead of $14 per hour. t yet answered What happens to your supply of hours for Uber driving? Explain. arked out of Paragraph B E Font family v Font size Flag question Path: p Question 42 The current bank interest is 2%. You borrow $20,000 from the bank as well as invest $10,000 of your own money in a new business for a year. Detail the obvious costs and Not yet answered the implicit costs (hidden opportunity costs) for both amounts of money you are investing. Marked out of 5.00 Paragraph B I Font family Y Font size Flag question\fEXERCISE 4.36. In Example 4.20, use Eq. 4.16 to verify that the fake spheres with a = 2 and a = , have no umbilical points. (4.16) T. EXAMPLE 4.20 (Fake Spheres). We wish to construct surfaces of revolution with constant Gaussian curvature equal to 1. If K = 1, then Eq. 4.15 says that x" = -x. The following is a solution for every a > 0: (4.17) x(t) = a cos(t). The hypothesis that y is parametrizationgth, so (x')2 + (2')2 = 1, means that z is determined by x as follows: (4.18) = (t) = VI - x'(s)2 ds = 1 - a2 sin? (s) ds. (4.15) K2. (Ricardian Model) Two agricultural economies, "Home" and "Foreign" produce corn (C) and wheat (W). Home has an endowment of 200 fields, each of which can produce either 2 units of corn or 2 units of wheat. Foreign has an endowment of 300 fields, each of which can produce either 1 unit of corn or 2 units of wheat. Consumers in both economies have identical homothetic preferences represented by the utility function: U ( Dc. Dw) = Dc Dw (a) Draw the production possibility frontiers for both economies (draw the production of corn on the x-axis and of wheat on the vertical axis). (b) Let Po/Pw denote the relative price of corn. In the Pc/ Pw - C/W space, draw the relative demand and supply curves for both economies in autarky (use a different diagram for each economy). Make sure to indicate the coordinates of the point where both curves intersect. Do these curves depend on the economies' endowments in terms of number of fields? (c) Now assume that these economies open up to international trade. Draw the world relative demand and supply curves on a separate diagram. Indicate on the diagram the coordinates of the intersection point between the two curves and the level of the autarky and free trade relative prices. (d) What is the pattern of production, consumption and trade in this trade equilib rium? Indicate the quantities produced, consumed, exported and/or imported in each country. (e) Now assume that Home's productivity changes: each field can produce the same amount of corn and wheat, but this amount is now a variable > > 0 (previously x = 2). i. How does the equilibrium trade relative price Po/ Pw depend on a? Clearly indicate how to compute Po/ Pw given any value of > > 0. What happens to Home's terms of trade as it experiences productivity growth (r increases)? ii. Investigate how Home's aggregate welfare changes with r. Again, you should clearly indicate how to compute Home's welfare as a function of any a > 0. iii. Is immiserizing growth possible in this example? In other words, can Home's welfare decrease with further productivity improvement? Explain.Question One: Short Essay (10 marks) A. Briefly explain the main differences between Financial Accounting and managerial Accounting. (5 marks) B. Briefly distinguish between (i) a variable cost, (ii) a fixed cost (iii) and a mixed cost. Give an example for each type of these costs. (3 marks) c. Why do companies use predetermined overhead rates rather than actual manufacturing overhead costs to apply overhead to jobs? (2 marks) Question Two: Problem Solving (1) (10 Marks) Leader Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 50,000 Total fixed manufacturing overhead cost $215,000 Variable manufacturing overhead per machine-hour $3.80 Recently Job T496 was completed with the following characteristics: Total machine-hours 240 Direct materials $735 Direct labor cost $8.880 Required: a. Calculate the estimated total manufacturing overhead for the year. b. Calculate the predetermined overhead rate for the year. c. Calculate the amount of overhead applied to Job T496. d. Calculate the total job cost for Job T496.Question Three: Problem Solving (2) (10 Marks) XYZ Company has two support departments (SI and $2) and two producing departments (P1 and P2). Total department costs for the support and producing departments are as follows: SIE 45 000 52 30 000 90 000 80 000 Estimated percentages of services used by these departments are as follows: $1 $2 PI P2 S1 10%50% 40% $210% 30%60% Required: a. Prepare a schedule allocating the support department costs to the producing departments using the direct allocation method. b.Prepare a schedule allocating the support department costs to the producing departments using the sequential allocation method.