(Capital gains tax) The J. Harris Corporation is considering selling one of its old assembly machines. The machine, purchased for $24 comma 000 6 years ago, had an expected life of 12 years and an expected salvage value of zero. Assume Harris uses simplified straight-line depreciation (depreciation of $2 comma 000 per year) and could sell this old machine for $ 32 comma 000. Also, assume Harris has a 33 percent marginal tax rate. a. What would be the taxes associated with this sale? b. If the old machine were sold for $22 comma 000, what would be the taxes associated with this sale? c. If the old machine were sold for $12 comma 000, what would be the taxes associated with this sale? d. If the old machine were sold for $9 comma 000, what would be the taxes associated with this sale? a. If the old machine were sold for $32 comma 000, there would be $ nothing ▼ tax payments. tax savings. (Round to the nearest dollar and select from the drop-down menu.)

Which of the following best explains why large companies have an advantage over smaller companies? a. economies of scale make it possible to offer lower prices. b. the production possibilities frontier is wider for a larger company. c. decreasing marginal utility enables more efficient production. d. increasing the scale of production leads to a reduction in inputs.2b2t

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.