Olivia bakes cakes and andrew grows corn. olivia and andrew both like to eat cake and eat corn. in which of the following cases is it impossible for both olivia and andrew to benefit from trade?
a. olivia cannot grow corn and andrew cannot bake cakes.
b. olivia is better than andrew at baking cakes and andrew is better than olivia at growing corn.
c. olivia is better than andrew at baking cakes and at growing corn.
d. both olivia and andrew can benefit from trade in all of the above cases.

Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?

Jacob is a member of wcc (an llc taxed as a partnership). jacob was allocated $155,000 of business income from wcc for the year. jacob’s marginal income tax rate is 37 percent. the business allocation is subject to 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? b) what is the amount of tax jacob will owe on the income allocation if the income is qualified business income (qbi) and jacob qualifies for the full qbi duduction?

Why is efficiency an important economic goal?