Exercise 10-5 (part level submission) during the month of march, crane company’s employees earned wages of $61,000. withholdings related to these wages were $4,667 for social security (fica), $7,148 for federal income tax, $2,955 for state income tax, and $381 for union dues. the company incurred no cost related to these earnings for federal unemployment tax but incurred $667 for state unemployment tax. collapse question part (a) prepare the necessary march 31 journal entry to record salaries and wages expense and salaries and wages payable. assume that wages earned during march will be paid during april. (credit account titles are automatically indented when amount is entered. do not indent manually.)

David consumes two things: gasoline (g) and bread (b). david's utility function is u(g, b) = 10g^0.25 b^0.75. use the lagrange technique to solve for david's optimal choices of gasoline and bread as a function of the price of gasoline, p_g, the price of bread, p_b, and his income m. with recent decrease in the price of gasoline (maybe due to external shock such as shale gas production) does david increase his consumption of gasoline? for david, how does partial differential g/partial differential p_g depend on his income m? that is, how does david's change in gasoline consumption due to an increase in the price of gasoline depend on his income level? to answer these questions, find the cross-partial derivative, |partial differential^2 g/partial differential m partial differential p_g.