George enjoys drinking coffee everyday. The following utility function describes his preferences for daily coffee consumption: u(x) = min{5x,20}where x is the number of coffee drinks he has that day. Assume each drink costs 2. Which statement is incorrect?

(a) His reservation price for the first drink is 5.
(b) His reservation price for the fifth drink is 5.
(c) His willingness to pay for three drinks is 15.
`(d) Consumer surplus is equal to 12

Frugala is when sylvestor puts $2,000 into 10-year state bonds and $3,000 into 5-year aaa-rated bonds in steady hand hardware, inc. he buys the four state bonds at a 5 percent interest rate and the three steady hand bonds at a 6.5 percent rate. sylvestor also buys $1,500 worth of blue chip stocks, and $800 worth of stock in a promising new sportswear company that reinvests its earnings in new growth. 1. (a) what is the maturity for each of the bond groups sylvestor buys? (b) the coupon rate? (c) the par value?

What resourse is both renewable and inexpensive? gold coal lumber mineral

The director of the federal trade commission (ftc) bureau of consumer protection warned that the agency would bring enforcement action against small businesses that select one: a. failed to inform the public about network failures in a timely manner b. failed to transmit sensitive data c. did not report security breaches to law enforcement d. lacked adequate policies and procedures to protect consumer data.