The following information is available for Carla Vista Co. Accounts receivable
$3,200
Cash
$6,220
Accounts payable
3,700
Supplies
3,870
Interest payable
700
Unearned service revenue
930
Salaries and wages expense
5,200
Salaries and wages payable
730
Notes payable
31,000
Depreciation expense
690
Common stock
62,900
Equipment (net)
108,300
Inventory
2,930

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.