Mustafa manufacturing company began operations on january 1. during the year, it started and completed 3,000 units of product. the financial statements are prepared in accordance with gaap. the company incurred the following costs: raw materials purchased and used—$6,200. wages of production workers—$7,400. salaries of administrative and sales personnel—$3,000. depreciation on manufacturing equipment—$4,400. depreciation on administrative equipment—$2,200.

mustafa sold 2,400 units of product. required determine the total product cost for the year. determine the total cost of the ending inventory. determine the total of cost of goods sold.

a) total product cost?

b) total cost of ending inventory?

c) total cost of goods sold?

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.