Answer: ($2,000)
Explanation:
With S3 as the supply curve, the equilibrium price is $10.
With this being a Perfectly competitive market, the profit maximising quantity will be where Price which is the same as Marginal Revenue equals Marginal cost.
That quantity is 200 gallons a week.
At this same level, the Average Total Costs are $20.
Profit (Loss) = (Price - ATC) * Quantity
= (10 - 20) * 200
= ($2,000)
Answer:
Explanation: see attachment below
PPP is a method of comparing the absolute purchasing power of currencies and, to some extent, the living standards of people in different countries.
<h3 /><h3>What is purchasing power parity?</h3>
Purchasing power parity (PPP) is a method of comparing the absolute purchasing power of currencies and, to some extent, the living standards of people in different countries.
It uses the prices of specific goods to compare the absolute purchasing power of currencies and, to some extent, the living standards of their people.
Therefore the above statement explains the purchasing power parity.
Learn more about purchasing power parity here:
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Answer:
The distribution by Fargo corporations has the following tax consequences
- The corporation has distributed an appreciated property( that on its own makes it liable for tax)
- The corporation must recognize the gains or losses made on the distribution as if the corporation was selling the property to the shareholder.
- Apply capital gains tax on the gains or losses
- capital gain = $310000-$260000 =$50000
- Apply any annual exclusion and multiply by the Capital Gains Tax to arrive at Taxable Capital Gain to be included in incomes
The shareholder will recognize dividend received in the market value and will be subject to exemptions if applicable.
Explanation:
