Which of the following is a true statement? -a casualty loss can only occur from storm damage.-personal casualty losses can only be deducted to the extent that aggregate casualty losses exceed 10 percent of agi after applying a $100 per incident deduction.-individual casualty losses are only deductible if each individual loss exceeds $5,000.-uninsured thefts of personal assets are not included with casualty losses.-all of the choices are true.

Until recently, hamburgers at the city sports arena cost $4.70 each. the food concessionaire sold an average of 13 comma 000 hamburgers on game night. when the price was raised to $5.40, hamburger sales dropped off to an average of 6 comma 000 per night. (a) assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. (b) if the concessionaire had fixed costs of $1 comma 500 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.