Curtis invests $700,000 in a city of Athens bond that pays 9.00 percent interest. Alternatively, Curtis could have invested the $700,000 in a bond recently issued by Initech, Incorporated that pays 11.00 percent interest with similar risk as the city of Athens bond. Assume that Curtis's marginal tax rate is 24 percent. How much implicit tax would Curtis pay on the city of Athens bond?

$14,000

Explanation:

Calculation for How much implicit tax would Curtis pay on the city of Athens bond

Using this formula

Implicit tax=(Amount invested*Initech Interest rate)- (Amount invested* Athens bond Interest rate)

Let plug in the formula

Implicit tax=(11%*$700,000)- (9%*$700,000)

Implicit tax=$77,000-$63,000

Implicit tax=$14,000

Therefore the implicit tax that Curtis would pay on the city of Athens bond will be $14,000

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

borrow money from the government then pay the government back 5k