Answer:
The correct answer is letter "A": both the value of a good to society and the cost to society of making the good.
Explanation:
Price is the monetary value of a good or service that consumers are willing to pay and producers are willing to accept. <em>For companies, it represents the production costs of the good plus the unitary revenue they expect to obtain. For consumers, it is the value they provide to the good offered according to the type of need the good is destined to fulfill.</em>
Answer:
a. Dividend
b. $500,000
Explanation:
a. As in the given case, the character of any income or gain recognized is the dividend of $500,000 which eligible him to avail 100% deduction of the dividend amount
b. The reduced amount would be lower of the distributed amount or 50% of Total E&P
Distributed amount is $500,000
And, the 50% of total E&P is = $8,000,000 × 50% = $4,000,000
So, the lesser amount is $500,000 which is reduced its total E&P
lol lol u givin only 15 points
Answer:
If Jeff's wage rate rises, he decides to work more hours. From this, we can infer that for Jeff, the substitution effect is greater than the income effect - option C.
Explanation:
The substitution effect is stronger than the income effect in a case whereby the supply of labor increases as the wage rate increases .
On the other hand, when the supply of labor decreases as the wage rate increases, then the income effect is stronger than the substitution effect.
With regards to the scenario given in the question - with an increase in the wage rate, Jeff has decided to work more hours.
Thus, in the given case, it can be inferred that for Jeff, the substitution effect is greater than the income effect.
Therefore, the correct answer is option C.
