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Mark's employer pays for 55 percent of the premiums for a disability insurance policy and Mark pays for the other 45 percent. The policy pays Mark 65 percent of his normal salary in the event he is injured and cannot return to work for an extended period. Mark is hit by a truck and is unable to work for several months. During the current year, Mark collects $30,000 under his disability policy. How much does Mark include in his gross income?
Suppose that the supply of fossil fuels like coal and petroleum will become more and more scarce in the next fifty years.
In a multibank system, an individual bank makes loans only up to the level of its excess reserves, while the whole commercial banking system can lend out money that is a multiple of the original bank's excess reserves. Why is there this difference..
Assuming no change in hours of work, if real output per hour of work increases by 10 percent, what will be the new levels of real GDP in the right column of A Does the new data reflect an increase in aggregate supply or does it indicate a decrease..
our company has purchased a large ne truck for over thr road use(asset class 0.26).it has s cost basis of $180,000.With additional options costing $15,000,the cost basis for depreciation purposes is $195,000.its ,MV at th end if five years is esti..
How would each of the following affect the firm's marginal, average, and average variable cost curves?
What would happens to Hi-Tech's profits and the price of books in the short run when Hi-Tech's patents prevents other firms from using the new technology.
Describe what long-term economic growth is and if there are any limits to the U.S. long-term economic growth.
Explain how cross-price elasticity of demand is relevant to a firm being investigated for antitrust violation. If you were the chief economist for this firm, would you want to show a high cross-price elasticity or a low-low cross price elasticity ..
The Great Harvest Bread Company offers their customers quantity (or volume) discounts. Specifically, if a customer consumes 8 or fewer loaves of bread per month, then the price is $4 per loaf. But if a customer consumes more than 8 loaves of bread..
The table above has the market demand schedule in an industry that has two firms in it. The marginal cost of this product is zero because these two firms have exclusive ownership of the resource and it does not cost any additional amount to produc..
How does an active fiscal policy helps or hinder long-run growth in the economy.
Dicuss should the government subsidize alternative fuel options given all you have learned about the growth? Give special thought to following two statements;
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