According to The American opportunity tax credit (AOTC<span>) Each student could </span>get a maximum annual<span> credit of $2,500 per eligible student.
So, </span><span>maximum education credit that emilio and lara can take on their return collectively is:
$ 2,500 x 2 = $ 5,000</span>
Answer:
Starting at equilibrium point D, if the cost of inputs rises, the short-run equilibrium will move to the point B, and thus real output will Decrease and the price level will Increase.
Explanation:
This means it will go down but the price is gunna increase.
-<em>Hope This Helps!</em>
<em>-Justin:)</em>
He will place this question in a box that that is under each card color. So say the two colors are red and blue, he will put this question in a box under both colors to have others ask themselves which color it is.
Assuming the second CPI should be January 2016, not Jan 2015:
To calculate the rate of inflation (rate of change in CPI)
( CPI(2016) - CPI(2015) ) ÷ CPI(2015) x 100%
(236.916 - 233.707) ÷ 236.916 x100% = 1.35%
Answer:
summing horizontally the segments of the MC curves lying above the AVC curve for all firms.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Generally, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
The short-run supply curve for a purely competitive industry can be found by summing horizontally the segments of the marginal cost (MC) curves lying above the average variable cost (AVC) curve for all firms.
