Answer:
Income Statement is attached in the pictures.
Explanation:
Answer:
Normal goods
Explanation:
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls.
I increase my demand for organic fruits and vegetables when my income increased. This shows they are normal goods.
Generic fruits and vegetables are inferior goods.
Inferior goods are goods whose demand falls when income rises and increases when income falls.
I hope my answer helps you
Answer:
A grocery store in a perfectly competitive market can. reduce its advertising budget more than its competitors. differentiate its product with respect to other firms. ignore profit-maximizing strategies. freely enter or exit the market.