Business-related expenses of employees are higher than they otherwise would be due to most business-related expenses being _____
a. frivolous
b. accounted for at personal tax rates, not corporate tax rates
c. a tax credit for the individual
d. nontaxable fringe benefits
d
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Suppose there is an increase in both the supply and demand for personal computers. Furthermore, suppose the supply of personal computers increases more than demand for personal computers. In the market for personal computers, we would expect the
a. equilibrium quantity to rise and the equilibrium price to rise. b. equilibrium quantity to rsie and the equilibrium price to fall. c. equilibrium quantity to rise and the equilibrium price to remain constant d. equilibrium quantity to rise and the change in the equilibrium price to be ambiguous. e. change in the equilibrium quantity to be ambiguous and the equilibrium price to rise.
Consider a firm that is trying to determine how many hours to remain open in a day. How would the firm make this decision?
What will be an ideal response?