Alex who is single, conducts an activity in 2019 that is appropriately classified as a hobby. the activity produces the following revenues and expenses: revenue $18,000 property taxes 3,000 materials and supplies 4,500 utilities2,000 advertising 5,000 insurance 750 depreciation 4,000 without regard to this activity, alex’s agi is $42,000. determine the amount of income alex must report and the amount of the expenses he is permitted to deduct.

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to:

Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it. g

What role do business cycles play in a market economy