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1.In year 2007, Andrew contributes equipment with an adjusted basis of $20,000 and a FMV of $18,000 to Construction Limited Partnership (CLP) in return for a 3% limited partnership interest. Andrew's share of CLP income and losses for the year were as follows:
Interest........$ 500Dividends ......$ 300Capital Gains ......$ 900Ordinary Loss .....$(4,325)
CLP had no liabilities. What is Andrew's initial basis, allowed losses, and ending at-risk amount?
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Explain how payoff matrices used in Game Theory illustrate mutual interdependence among firms in oligopolies. How can they be used to predict likely outcomes?
How large of a tax-induced value raise would it take to decrease cigarette consumption by 20%? And Find the factors responsible for difference in elasticity.
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