According to the permanent-income hypothesis, how does your consumption change in each of the following scenarios? to keep things simple, suppose the interest rate is 10% and you will live forever. feel free to give answers that involve approximations.

b) you receive an unexpected promotion today that raises your income permanently by $5,000 per year.

c) to balance its budget, the government levies a onetime tax this year that costs you $10,000.

d) you win a lottery, which pays you a onetime amount of $10 million today.

e) you win a different lottery, which pays you a onetime amount of $10 million, but the payment is made 5 years from now.

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?