Answer:
<u>Cowboy Law Firm</u>
<u>Income statement for the year ended December.</u>
$
Service revenue 8,900
Less Expenses :
Salaries expense (2,000)
Utilities expense (1,100)
Net Income / (Loss) 5,800
Explanation:
Income statements shows Revenues earned and Expenses incurred at the end of the trading period.
Free riders are those who gain from a thing without contributing to its manufacturing expenses.
<h3>When the creation of a thing incurs external expenses, the?</h3>
- An external cost occurs when the production or use of a goods or service imposes a cost (negative effect) on a third party.
- If a good has external costs connected with it (negative externalities), the social costs will be larger than the private cost.
- Market failure may occur in the presence of external expenses. This is because the free market frequently ignores the existence of external expenses.
- The cost to a third party of consuming/producing one more unit is known as the external marginal cost (XMC).
learn more about external costs refer:
brainly.com/question/14203073
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The correct answer is : light Industry
Since a light industry only produce small consumer goods such as clothes, shoes, hand made dolls, etc, it usually less capital oriented than the heavy industries and more consumer oriented than business oriented
<h2>Copyright Protection
</h2>
- A copyright will protect the following categories of works:
literary works
- musical works, including any accompanying words
- dramatic works, including any accompanying music
- pantomimes and choreographic works
- pictorial, graphic and sculptural works
- motion pictures and other audiovisual works
- computer programs (sometimes the graphical user interface) and websites
<h2>Patents
</h2>
Patents protect processes, methods and inventions that are "novel," "non-obvious" and "useful." If granted, a patent gives you a 20-year monopoly on selling, using, making or importing an invention into the United States.
(These are 2 characteristics of property rights)
Age: 15
oldest age: 16
siblings: 1
