Answer:
$2000 of canceled debt that Marvin must report on his return
Explanation:
Please see attachment
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Answer:
a. Is there a pain we can alleviate at an attractive price?
Answer: Equilibrium quantity of garden hoses after the tax is imposed is 85000.
Explanation:
Given that,
Dead weight Loss = $22500
Tax amount per unit (t) = $3
Equilibrium quantity before tax,
= 1,00,000 units
Equilibrium quantity after tax,
= ?
Dead weight Loss = 
22500 = 0.5 × 3 × (100000 -
)
= 85000 units
∴ Equilibrium quantity of garden hoses after the tax is imposed is 85000.
Answer:
the study of how people and organizations construct and develop legal agreements. It analyzes how parties with conflicting interests build formal and informal contracts, even tenancy.