Question 2: Budget constraint and Indifference curve Question Assume the prices of product X and Y are $2.00 and $1.00, respectively, and that Mr. Mo has $100 to spend. Assume a normal indifference curve. a. What is the slope of Mr. Mo budget constraint. b. Write out Mr.Mo equation to his budget constraint. c. Assume that Mr. Mo needs 10 units of product X to maximize utility. What combination of X and Y will Mr. Chen purchase? d. Now assume that the price of Y changed from $1.00 to $2.00, redo part a, b and c, e. Draw the budget constraint graph and indifference curve before the change and after the change in the price of Y.

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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.