What Is the Value of Number After the Following Statements

question 1

Multiple Choice

What is the value of number after the following statements execute?
Int number = 10;
Number += 5;
Number -= 2;
Number *= 3;

• A) 3
• B) 30
• C) 39
• D) 2
• E) None of these

Identify the shutdown point and its implications for firm decision-making.

Calculate operating profits and economic profits for a firm.

Determine the short-run operating conditions for a firm, including whether to operate, shut down, or go out of business.

Recognize the relationship between market price and firm's production decisions.

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Definitions:

Standard Deduction

A fixed dollar amount that reduces the income on which you are taxed, an alternative to itemizing deductions, varies based on filing status.

Tax Year

The 12-month period for which tax is calculated and paid. It can be a calendar year or a fiscal year.

Filing Joint Return

The tax filing status used by married couples who choose to combine their income and report it on one tax return.

Qualifying Widow(er)

A tax filing status available to a widowed individual with dependents, providing eligibility for standard deduction and tax rates that are more favorable for a specific period following the spouse's death.