Answer:
The correct answer is option d.
Explanation:
The firms are expected to maximize profits, the laborers are expected to accept the best offer and the rational consumer is expected to choose the bundle of good that maximizes utility.
Firms will produce the output level where their profits are maximized. The consumer will consume at the level where their total utility is maximized and the laborer will accept the best offer to maximize his benefit.
save for the first year of college LONG TERM GOAL
complete the current semester with
good grades SHORT TERM GOAL
accumulate $2,000 before the
semester ends LONG TERM GOAL
pay off at least one of the three
outstanding bills LONG TERM GOAL
complete the project assigned in
place of an upcoming exam SHORT TERM GOAL
Cate can claim Amy as a dependent.
<u>Explanation:</u>
The custodial parents can claim their child as the dependent, as a qualifying child for head of household filing status, for EIC, for the child tax credit and so on. But in case the parents get divorced, then the parent with whom the child spends the most time gets to claim the child as dependent.
In the above case, since Amy stays with Cate, Cate gets to claim Amy as dependent because she is staying with Cate only and spends the most time with her.
