Charlie's utility function is U(Xa Xb)–XaXb Suppose that the price of apples is 2, the price of bananas is 4, and Charlie's income is 80. a. What combination of apples and bananas should he consume to maximize his utility? b. What will be his utility if he consumes the optimal bundle? c. Can he afford any bundles that give him a utility of 150?

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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.