Answer and Explanation:
Please find answer and explanation attached
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Answer:
The correct answer is: The benefit of making the request will likely exceed the cost.
Explanation:
Utility maximization implies obtaining the greatest return after making a decision considering the least amount possible of resources in the process to obtain what is desired. The benefit is greater than the cost, utility maximization takes place in determining what the benefit and the cost could be.
Thus, <em>if you decide to tell your spouse where to go to eat for your birthday, the benefit of informing that is likely higher than the cost of disclosing that information</em>.
Answer:
B) Only statement II is correct.
- II. Has $20,000 of taxable income from Corporation Z.
Explanation:
One of the disadvantages of a C Corporation is that their owners (stockholders) are double taxed. That means that the corporation is taxed and then the stockholders are taxed depending on the dividends that they receive. In this case, Walter has $10,000 of taxable income from Corporation X (= $50,000 x 20%).
On the other hand, sole proprietorships, partnerships, limited liability companies and S Corporations are not taxed, they are pass through entities whose owners are taxed directly. In this case, Walter owns 20% of Corporation Z, therefore he must pay taxes on 20% of taxable income = $100,000 x 20% = $20,000.
Answer:
c. there will be a surplus of candy bars.
Explanation:
A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.
If a price ceiling is effective, the price ceiling is set below equilibrium price.
If price is set below equilibrium price, the quantity supplied would fall and this would lead to an excess of demand over supply. Also, scarcity of the product for which a price ceiling has been set would occur.
A black market would occur. There would be a drop in the quality of product as sellers would be trying to maximise profits.
I hope my answer helps you
