Juanita knits blankets as a hobby and sells them. in the current year, she earns $5,000 from her blanket sales and incurs expenses of $600. juanita does not itemize deductions. on her tax return, she shoulda) report $5,000 of hobby income and deduct $500 of hobby expenses from agi. b) report $5,000 of hobby income and deduct $400 of hobby expenses for agi. c) report $5,000 of hobby income and deduct nothing from agi since juanita does not itemize deductions. d) report no hobby income and no hobby deductions.

Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a. what is the firm’s labor demand function? b. if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c. now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?

Rosie and her brother michael decided recently to purchase an rv together. they both want to use the rv to take their families camping. the price of the rv was $10,000. since michael expects to use the rv 60% of the time and rosie 40% of the time, michael contributed $6,000 and rosie contributed $4,000. their ownership percentage equals their contribution percentage. which type of property titling should they use to reflect their ownership interest?