What is the total american opportunity & lifetime tax credit the jones family can take, given the following information?

1) sally is a sophomore and incurs $5,000 in education expenses.
2) tommy is in grad school and incurs $7,000 in education expenses.
3) mom, who has a 4 year degree, goes back to school and incurs $4,000 in education expense

a-american opportunity tax credit is $1,650 & lifetime learning credit is $2,200.
b-lifetime learning credit is $1,650 & american opportunity tax credit is $2,200.
c-american opportunity tax credit is $2,500 & lifetime learning credit is $2,000.
d-lifetime learning credit is $2,500 & american opportunity tax credit is $2,000.

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.

-the personal ownership of property

-the influence of consumer demand

explanation:

the command economy prohibits the personal ownership of property.

basically, command economy is defined as the system where a nation’s government is the one that makes all the decisions when it comes to its economy. the government is the one who controls the production of goods and services and regulates the prices and salaries.

therefore, since that the government is the authority, then all kinds of personal ownership of property is prohibited by them.