Malcolm purchased an old convenience store, and after renovations will open a small vegan grocery. he paid $517,000, of which $417,000 was for the building, and renovations cost him $107,000. what does the amount $524,000 represent?

amount $524,000 represent the Depreciable basis

Explanation:

given data

paid =  $517,000

building = $417,000

renovations cost = $107,000

amount = $524,000

to find out

What does the amount $524,000 represent

solution

here  amount $524,000 represent the Depreciable basis

because Depreciable basis is the acquisition cost of investment + renovations  1

Depreciable basis amount = $417,000 + $107,000 = $524,000

so here is the investment is depreciable basis

so that we can say that amount $524,000 represent the Depreciable basis

250 tickets needs to be sold.

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.