Farm Corporation reported pretax book loss of $500,000 in 2017. Tax depreciation exceeded bookdepreciation by $100,000. In addition, Farm received prepaid income of $50,000, which wasincluded on its tax return but was not included in the book loss. Farm had $0 taxable income in2016 and 2015. Assuming a tax rate of 34%, compute the Company's income tax expense or benefitfor 2017.

David consumes two things: gasoline (q 1) and bread (q 2). david's utility function is u(q 1, q 2)equals70q 1 superscript 0.5 baseline q 2 superscript 0.5. let the price of gasoline be p 1, the price of bread be p 2, and income be y. derive david's demand curve for gasoline. david's demand for gasoline is q 1equals nothing. (properly format your expression using the tools in the palette. hover over tools to see keyboard shortcuts. e.g., a subscript can be created with the _ character.)