Answer:
$31,000
Explanation:
Given:
Net Proceeds of old house = $266,000
Adjusted basis amount = $235,000
Cost of new house = $198,000
Computation of Capital Gain:
Capital Gain = Selling Price of particular capital - Adjusted basis amount of capital
Capital gain = $266,000 - $235,000 = $31,000
Therefore, capital gain of Elizabeth from sold her home is $31,000
The answer is: D. Backed by gold.
Answer:
The correct answer is option A.
Explanation:
A perfectly competitive market has large number of sellers producing homogenous products. As a result, no single firm is able to affect the price level. So all the firms have their individual demand curves as a horizontal line at the price level.
This demand curve also represents marginal revenue. The firm is able to maximize profit when the price and marginal revenue is equal to the marginal cost.
Here, the revenue earned from the last unit of product is equal to the cot incurred in producing the last unit.
Determine the insurance rate amount per thousand
Answer:
The correct answer is option c.
Explanation:
The law of increasing oportunity costs means that as we go on substituting production of one good for another the opportunity cost of sacrificing the alternative will go on increasing. That is whythe prodcution possibilty curve is concave and bowed outward.
Because of increasing opportunity costs, there is a limit to specialization of antions in production of a commodity. As they go on producing the goods they specialize in, the opportunity cost of giving up the alternative goes on increasing.
