Net salvage value allen air lines must liquidate some equipment that is being replaced. the equipment originally cost $22 million, of which 75% has been depreciated. the used equipment can be sold today for $6.6 million, and its tax rate is 35%. what is the equipment's after-tax net salvage value? write out your answer completely.

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.