Reuben Kincaid exchanged his fully depreciated business-use condominium with a fair market value (FMV) of $93,000 and $9,000 cash for an office building. The FMV of the office building at the time of the exchange was $102,000. What is Reuben's gain realized and the gain recognized on the exchange?

Which of the following has the largest impact on opportunity cost

Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be:

Suppose either computers or televisions can be assembled with the following labor inputs: units produced 1 2 3 4 5 6 7 8 9 10 total labor used 3 7 12 18 25 33 42 54 70 90 (a) draw the production possibilities curve for an economy with 54 units of labor. label it p54. (b) what is the opportunity cost of the eighth computer? (c) suppose immigration brings in 36 more workers. redraw the production possibilities curve to reflect this added labor. label the new curve p90.