George works at the springfield nuclear plant as a nuclear technician. the plant is located 15 miles from the town of springfield. george likes to take his lunch at the plant's cafeteria because he is required to be available for nuclear emergencies during his shift. unsurprisingly, there are no other eating establishments located near the plant. george estimates the value of the meals he was provided during the current year as $1,300. he estimates the cost for him to have prepared those lunches for himself as about $560. the cost of the meals to the power company was $470. how much income does george need to recognize from the meals?

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.