Answer:
Arianna's gain basis $230,000
Explanation:
given data
adjusted basis = $230,000
fair market value = $210,000
solution
As here Arianna's gain basis will be as adjusted basis before the conversion of property when it is use personal to income
because here it is standardize
when Arianna convert his personal residence in to the rental property
so here Arianna's gain basis $230,000
Answer:
Product Line
Explanation:
Product Line -
It refers to the combination of products that are quite similar , and sold under the name of the same brand , by the same company , is referred to as the product line .
Each company has its different product line , with different properties and brand .
Hence , from the given scenario of the question ,
The correct answer is product line .
Answer:
marginal revenue product.
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A perfectly competitive firm will hire workers up to the quantity at which marginal cost of labor equals marginal revenue
Answer:
Forbearance
Explanation:
Forbearance is a term used in mortgaging that means an agreement between two parties; borrower and lender, to delay foreclosure.
Forbearance according to the dictionary means to hold back. That is, delaying or postponing an event of debt default.
Cheers
Answer:
A. The demand of wheat and corn is basically inelastic and so increases in output drastically reduce price and income to the farmers.
Explanation:
Inelastic demand means the change in price does not affect the purchasers' buying power. The difference in price has relatively little effect on the quantity demanded. Since the demand for wheat is inelastic, price and income will reduce irrespective of increasing production. Therefore, harvesting massive production (wheat or corn) does not bring a high income.