Which of the following is NOT required for a contract to contain a lease?

Listed below are five independent situations. For each situation indicate (by letter) whether it will create a deferred tax asset (DTA), a deferred tax liability (DTL) or neither (N). 1.[BLANK-1] Rent revenue collected in advance; cash basis for tax purposes. 2.[BLANK-2] An operating loss carryforward. 3.[BLANK-3] Organization costs expensed when incurred; tax deductible over 15 years. 4.[BLANK-4] Premiums paid on life insurance policies covering key corporate executives. 5.[BLANK-5] Estimated warranty costs; tax deductible when paid. 6.[BLANK-6] Prepaid insurance; cash basis for tax purposes. 7.[BLANK-7] EPA fine paid. 8.[BLANK-8] Unrealized gains on trading securities. For tax purposes, recognize when sold. 

Recording a sales-type lease with a selling profit is similar to recording:

An indifference curve for two goods shows all combinations of the goods

Nvidia makes AI chips. Nvidia’s minimum average variable cost for an AI chip is $40 and its minimum average total cost is $80. Suppose Nvidia is a monopoly. The current price of an AI chip is $120. Nvidia is

In the long-run equilibrium, a perfectly competitive firm’s price, P, equals its marginal revenue, MR marginal cost, MC average total cost, ATC

In a perfectly competitive market, if the existing firms are incurring an economic loss, then firms will ____ the market and the price of the product will ____

Professor Knight has limited liability for his firm, Wonderous Wheat, and he is one of many owners. His company is organized as a proprietorship partnership corporation

Before Thomas eats any of his breakfast of French-fried snails, his total utility is 0. His total utility after one snail is 40 units and his total utility after two snails is 70 units. The marginal utility of the snail is ____ units and the marginal utility of the second snail ____ units.

Output(units per day) Total cost (dollars) 0 30 3 60 9 90 12 120 14 150 In the above table, the average variable cost of 3 units of output is