Choose all that apply. read the following paragraph. select each of the ways max was financially responsible. max needed to make a tough decision about a purchase. he stated his problem, listed the alternatives, selected criteria, and evaluated the alternatives to make his decision. he also shopped around for the best price. he used a credit card to make the purchase and paid as much as he could when the bill came. 1.max paid as much as possible when paying a credit card bill. 2.max used a decision-making method to make tough decisions. 3.max spent wisely. 4.max put money in his savings account.

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.