Marsha is single, had gross income of $50,000, and incurred the following expenses: Charitable contribution $2,000 Taxes and interest on home 7,000 Legal fees incurred in a tax dispute 1,000 Medical expenses 3,000 Penalty on early withdrawal of savings 250Her AGI is:
d. $49,750
Explanation:
- Marsha is single, had gross income of $50,000, and incurred the following expenses: Charitable contribution $2,000 Taxes and interest on home 7,000 Legal fees incurred in a tax dispute 1,000 Medical expenses 3,000 Penalty on early withdrawal of savings 250Her AGI is:
- d. $49,750
- The Interest which is used to buy or carry tax exempt securities is not deductible.
- Only 20% of the adjusted gross income limitation is applied to certain contributions made to private foundations.
- Married couple must be,filing a separate return, and their spouse is itemizing.
Answer:
A perfectly competitive firm will minimize its losses by shutting down when: P < TFC at the profit-maximizing level of output. P < MC at the profit-maximizing level of output.
Explanation:
A firm will choose to implement a production shutdown when the revenue received from the sale of the goods or services produced cannot cover the variable costs of production. In this situation, a firm will lose more money when it produces goods than if it does not produce goods at all. Producing a lower output would only add to the financial losses, so a complete shutdown is required. If a firm decreased production it would still acquire variable costs not covered by revenue as well as fixed costs (costs inevitably incurred). By stopping production the firm only loses the fixed costs.
Answer: The Answer IS A.
Explanation: fail to Intersect
<em>According to the</em><em> strong version of efficient market theory,</em>
- <em>Instantaneously, </em><em>stock prices reflect both public and private information.</em>
- <em>There is</em><em> no advantage for insiders when choosing investments.</em>
<h3>
What exactly is the efficient market theory?</h3>
- Share prices, according to the efficient market hypothesis (EMH) or theory, accurately reflect all available information.
- According to the EMH, equities trade on exchanges at their fair market value.
- EMH proponents contend that investing in a low-cost, passive portfolio is advantageous for investors.
<h3>What significance does the efficient market hypothesis have?</h3>
The efficient market hypothesis adheres to liberal economic theory and has significant political ramifications. According to the efficient market hypothesis, stock prices are always traded at a "fair" market value, negating the necessity for any form of government involvement in the market.
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