Answer:
Since Marco's itemized deductions are lower than the standard deduction, he should not itemize. His taxable income = AGI - standard deduction = $18,000 - $12,400 = $5,600.
Marco's total income tax liability = $5,600 x 10% = $560
Taxpayers should not itemize when the deductions are lower than the standard deduction.
Answer:
C. the study of strategy and strategic behavior.
Explanation:
Game theory is the study of strategy and strategic behavior. It is assumed that the parties involved are rational. The payoff of a player of a game is determined by the actions of others in the game.
A popular example of game theory is the prisoners dilemma.
A game theory can involve more than two players.
An example of prisoners dilemma:
There are two prisoners - if both confess to a crime, they both get 5 years in prison. If both prisoners don't confess they are set free. If one confess and the other doesn't, the prisoner that confesses 2 years in prison while the other prisoner that didn't confess gets 10 years in prison.
The dominant strategy which is the best option for the prisoner regardless of what the other prisoner does is to confess.
The Nash equilibrium is for both prisoners to defect.
I hope my answer helps you
Answer:
Margin of surplus = 1,200
Explanation:
Given:
Supply P = 50 + Q
Demand P = 200 – Q
Current price = 60 cents per pound
Considering a tariff = 40 cents per pound
Computation:
Producers surplus = [10 x 10] / 2
Producers surplus = [100] / 2
Producers surplus = 50
So,
New producers surplus = [50 x 50] / 2
New producers surplus = 1,250
Margin of surplus = 1,250 - 50
Margin of surplus = 1,200
Answer:
The problem with variable rates is that they vary, i.e., they might unexpectedly increase and the increase might be pretty significant. One of the main factors leading to the Great Recession was the housing bubble and the increase in mortgage interest rates. Normally, interest rates tend to increase, they might sometimes decrease, but generally they only go up and up.
Even though the fixed interest rate might be higher, it will not change and that guarantees that you will always pay the same amount and that you can prepare your personal budget to cover it.
Answer: The correct answer "e. lower; rise; raises".
Explanation: According to the keynesian transmission mechanism, a rise in the money supply will <u>lower</u> the interest rate, causing a <u>rise</u> in investment demand, which then <u>raises</u> Real GDP.
because a decrease in the interest rate, would cause companies to decide to take loans to invest, thus increasing investment and as a result would increase GDP
