Meg and abby are equal partners in the am partnership, which earns $40,000 ordinary income, $6,000 longminusterm capital gain (ltcg), and $2,000 sec. 1231 loss during the current year. what is the amount and character of income that must be reported on abby's tax return for this year's partnership operations?

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?