Charlie’s utility function is xaxb. the price of apples used to be $1 per unit, and the price of bananas $2 per unit. his income was $40 per day. if the price of apples increased to $2.25 and the price of bananas fell to $1.75, then in order to be able to just afford his old bundle, charlie would have to have a daily income ofa. $62.50. b. $126. c. $31.25. d. $93.75. e. $250.

Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%

Later movers do not face: entrenched competitors. reduced uncertainty over technologies. high growth markets. lower market uncertainty.

Which best describes what financial planning skills ultimately enable an individual to do? to prepare for the future to determine lifetime income to determine the cost of living to learn from the past