Jennifer, age 54, earns $125,000 annually from abc incorporated. abc sponsors a simple ira, and matches all employee deferrals 100% up to a 3% contribution. assuming jennifer defers the maximum to her simple ira, what is the total contribution to the account in 2019 including both employee and employer contributions?

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.