The answer is A. 0. 6% of $42,000 is $2520. You only have $567 in medical expenses. You're expense has to be more than $2520 before you can deduct it.
Answer:
c. $ 156.385 million is the amount of total liabilities
Explanation:
Computation of total liabilities
Assets = Liabilities + Equity
Total assets $ 207.448 million
Less: Total Common stock $ 6,350 million
Less: Retained earnings <u>$ 44.713 million</u>
Total equity <u>$ 51, 063 million</u>
Total liabilities $ 156,385 million
$ 207,448 million - $ 51,063 million = $ 156,385 million
The cash account given in the data is not considered as this amount would have already been included in the total assets figure.
The answer is increase its price.
Investment transforms into higher costs of the products and given that in a monopoly the monopolist will not face competition, monopolist can take make decisions that affect the price in the short-run.
When the economy has many offerents, one firm cannot increase its price because the buyer will buy from other, so the only way to maximize profits is to produce more, decrease costs or enhancing the product (so the customers may want to pay more for a better product). In a monopoly the buyer hast not options and if the product is needed the buyer will have to pay the higher prices fixed by the monopolist.
Answer:
d. study of how individuals and society use unlimited resources to fulfill their needs and wants.
Explanation:
Lionel Robbins defines economics as the science which studies human behavior as a relationship between given ends and scarce means which have alternative uses.
Adam Smith defined economics as “an inquiry into the nature and causes of the wealth of nations.”
Answer:
One person's spending is another person's income
Explanation:
The economic principle that this statement best represent is one person's spending is another person's income as this refers to the fact that when someone buys a product or service, the money paid represents earnings for the person that owns the business and the employees. In this case, the typewriter shop went out for business because people is not spending money in typewriters and because of that, Alfred doesn't get any income.