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Alan,whose Wife Died in 2015,filed a Joint Tax Return for 2015.He

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Alan,whose wife died in 2015,filed a joint tax return for 2015.He did not remarry and continues to maintain his home in which his four dependent children live.In the preparation of his tax return for 2017,Alan should file as:


Definitions:

Long-run

A period in which all factors of production and costs are variable, allowing firms to adjust all input levels and technology to find the most efficient scale of operations.

Excise Tax

A specific tax levied on the sale of particular goods or services, such as alcohol and tobacco, usually aimed at discouraging consumption or raising revenue.

Cost Curve

A graphical representation that shows the relationship between the total cost incurred by a firm and the level of output produced.

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