Marvin has a Cobb-Douglas utility function, , his income is Y$, and initially he faces prices of $ and $. If increases from $ to $, what are his compensating variation (CV), change in consumer surplus (CS), and equivalent variation (EV)? Marvin's compensating variation (CV) is $ 372.8. (Enter your response rounded to two decimal places and include a minus sign if necessary.) Marvin's change in consumer surplus (CS) is $ 311.92. (Enter your response rounded to two decimal places and include a minus sign if necessary.) Marvin's equivalent variation (EV) is $ nothing. (Enter your response rounded to two decimal places and include a minus sign if necessary.)

Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

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