Debbie Is Age 67 and Unmarried and Her Only Sources

question 95

Multiple Choice

Debbie is age 67 and unmarried and her only sources of income are $200,000 in taxable interest and $20,000 of Social Security benefits. Debbie's adjusted gross income for the year is:

• A) $220,000.
• B) $217,000.
• C) $203,000.
• D) $200,000.
• E) None of these.

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Definitions:

Monopolist

A market participant that is the sole seller of a good or service, thereby controlling the market.

Nondiscriminating Monopolist

A monopolist who charges the same price to all consumers regardless of their individual demand or willingness to pay.

Marginal Revenue

The supplementary income earned from the sale of one extra unit of a good or service.

50th Unit

A reference to the specific item in a series or set, often used in discussions about production and consumption at various levels.