These expenditures were incurred by oriole company in purchasing land: cash price $60,700, assumed accrued taxes $5,260, attorney’s fees $2,170, real estate broker’s commission $3,310, and clearing and grading $4,610. what is the cost of the land? the cost of the land $enter the cost of the land in dollars

The goal of an economist who formulates new theories is to a. provide an interesting framework of analysis, whether or not the framework turns out to be of much use in understanding how the world works. b. provoke stimulating debate in scientific journals. c. contribute to an understanding of how the world works. d. demonstrate that economists, like other scientists, can formulate testable theories.