A. peyton was selected the most valuable player in the super bowl. in recognition of this, he was awarded an automobile with a value of $60,000. peyton did not need the automobile, so he asked that the title be put in his parents' names. peyton is required to include $ in gross income. b. jacob was awarded the nobel peace prize. when he was presented the check for $1,400,000, jacob said, "i do not need the money. give it to the united nations to use toward the goal of world peace." jacob is required to include $ of the prizes received in his gross income. c. linda won the craig county fair beauty pageant. she received a $10,000 scholarship that paid her $6,000 for tuition and $4,000 for meals and housing for the academic year. linda is required to include $ of the scholarship in her gross income.

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.