On May 20, 2020, Jessica purchased land for $105,647 to use in a business. Jessica sold it on May 21, 2021, for $102,595. What is the amount and type of loss on this sale if Jessica does not have any other sales from a trade or business

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.