Midtown, Inc. had the following transactions in 2018, its first year of operations: bullet Issued 31,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $20.00 per share. bullet Earned net income of $70,000. bullet Paid no dividends. At the end of 2018, what is total stockholders' equity?

Ryan is deciding between attending western state university and eastern state university. he cannot attend both universities simultaneously. both are fine universities, but the reputation of western is slightly higher, as is the tuition. let mu subscript upper e and mu subscript upper w be ryan's marginal utilities from attending eastern and western state universities respectively and upper p subscript upper e and upper p subscript upper w be the prices of attending eastern and western state universities. using the rule of consumer optimum, ryan will decide to attend eastern state university, if mue/pe exceeds muw/pw attend eastern state university if mue/pe is less than muw/pw attend western state university, if pe/mue< pw/muw attend western state university, since it gives him more utility.