Astudent consumes root beer and a composite good whose price is $1. currently, the government im- poses an excise tax of $0.50 per six-pack of root beer. the student now purchases 20 six-packs of root beer per month. (think of the excise tax as increasing the price of root beer by $0.50 per six-pack over what the price would be without the tax.) the government is considering elimi- nating the excise tax on root beer and, instead, requiring consumers to pay $10.00 per month as a lump-sum tax (i. e., the student pays a tax of $10.00 per month, regardless of how much root beer is consumed). if the new proposal is adopted, how will the student’s consumption pattern (in particular, the amount of root beer consumed) and welfare be affected? (assume that the student’s marginal rate of substitution of root beer for other goods is diminishing.)

Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.

In canada, the reference base period for the cpi is 2002. by 2012, prices had risen by 21.6 percent since the base period. the inflation rate in canada in 2013 was 1.1 percent. calculate the cpi in canada in 2013. hint: use the information that “prices had risen by 21.6 percent since the base period” to find the cpi in 2012. use the inflation rate formula (inflation is the growth rate of the cpi) to find cpi in 2013, knowing the cpi in 2012 and the inflation rate. the cpi in canada in 2013 is round up your answer to the first decimal. 122.9 130.7 119.6 110.5