Richard, age 50, is employed as an actuary. for calendar year 2019, he had agi of $130,000 and paid the following medical expenses:
medical insurance premiums $5,300
doctor and dentist bills for derrick and jane (richard's parents) 7,900
doctor and dentist bills for richard 5,100
prescribed medicines for richard 830
nonprescribed insulin for richard 960
derrick and jane would qualify as richard's dependents except that they file a joint return. richard's medical insurance policy does not cover them. richard filed a claim for $4,800 of his own expenses with his insurance company in november 2019 and received the reimbursement in january 2020. what is richard's maximum allowable medical expense deduction for 2018?
a. $0
b. $7,090
c. $10,340
d. $20,090
e. none of the above

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?

Acompetitive market in healthcare would a. overprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers b. underprovide healthcare because it would eliminate medicare and medicaid c. underprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers d. overprovide healthcare because it would be similar to the approach used in canada

Indicate whether each of the following companies is primarily a service, merchandise, or manufacturing business. if you are unfamiliar with the company, use the internet to locate the company's home page or use the finance web site of yahoo. 1. alcoa inc. 2. boeing 3. caterpillar 4. citigroup inc. 5. cvs 6. dow chemical company 7. ebay inc. 8. fedex 9. ford motor company 10. gap inc. 11. h& r block 12. hilton hospitality, inc. 13. procter & gamble 14. suntrust 15. walmart stores, inc.