Answer:
The correct answer is letter "B": Explain to Aurora that she must report all her business income and expenses.
Explanation:
The Internal Revenue Service (IRS) offers tax credits to taxpayers in different situations to benefit them with discounts and promote the proper filing of their yearly income. In front of a possibility on a tax credit for Earned Income, the taxpayer must <em>include all the information on revenues and expenses incurred during the period</em>. This typically applies to self-employed taxpayers.
But nearly all supply curves share a basic similarity: they slope up from left to right. A supply curve is a graphic representation of the relationship the cost of a good or service and the quantity that is supplied of it has. A common graphical representation has price on the left vertical axis and the quantity supplied on the horizontal axis. Different changes in the production or cost of a good or service can have an affect on the supply curve.
Because they make the big mess
My best guess is false!! You would start with less risky.
Answer:
Option (a) is correct.
Explanation:
U(x1, x2) = x1x2
Income = 100 dollars
Therefore,
Alex budget constraint is $100.
(a) (12.5, 12.5)
Cost of this bundle = 12.5 × $4 + 12.5 × $4
= $50 + $50
= $100
(b) (25, 12.5)
Cost of this bundle = 15 × $4 + 10 × $5 + 12.5 × $4
= $60 + $50 + $50
= $160
This bundle is not possible because of budget constraint.
(c) (12.5, 25)
Cost of this bundle = 12.5 × $4 + 25 × $4
= $50 + $100
= $150
This bundle is not possible because of budget constraint.
(d) (15, 10)
Cost of this bundle = 15 × $4 + 10 × $4
= $60 + $40
= $100
Hence, it is possible to buy bundle (a) and (d).
Utility function for (a) and (d) bundle:
(a) (12.5, 12.5)
Utility = 12.5 × 12.5
= 156.25
(d) (15, 10)
Utility = 15 × 10
= 150
Therefore,
Alex will choose bundle (a) (12.5, 12.5) because this will give maximum utility.
