John smedley, a careful maximizer of utility, consumes only two goods, peanut butter and broccoli. he had just achieved the utility-maximizing solution in his consumption of the two goods when the price of broccoli rose. assuming that this is treated as an income compensated price change (i. e., considering only the substitution effect of the price change), as he adjusts to this event: a) the marginal utility of peanut butter and of broccoli will rise. b) the marginal utility of peanut butter and of broccoli will fall. c) the marginal utility of peanut butter will fall, and the marginal utility of broccoli will rise. d) the marginal utility of peanut butter will rise, and the marginal utility of broccoli will fall.

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work