Noah and olivia form the gray corporation with the following investment:
fmv
noah— cash $180,000
olivia— property (basis of $140,000) 200,000
each receives 1,000 shares of gray stock, but olivia also receives cash of $20,000. (each share of stock is worth $180.)
a. what is olivia’s recognized gain?
b. her basis in the gray stock?
c. what is gray’s basis in the property?

Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using:

When immigration adds to the size of the domestic labor pool, which of the following is likely to occur? a. wages decrease. b. productivity increases. c. consumption decreases. d. minimum wage increases.

Amonopolist’s inverse demand function is p = 150 – 3q. the company produces output at two facilities; the marginal cost of producing at facility 1 is mc1(q1) = 6q1, and the marginal cost of producing at facility 2 is mc2(q2) = 2q2.a. provide the equation for the monopolist’s marginal revenue function. (hint: recall that q1 + q2 = q.)mr(q) = 150 - 6 q1 - 3 q2b. determine the profit-maximizing level of output for each facility. output for facility 1: output for facility 2: c. determine the profit-maximizing price.$