Answer:
The profit of an individual firm increases from zero to a positive value.
Explanation:
The market demand will increase (shift right) as a result of the product's newfound popularity. The market price will increase in the short run, and as a result, the firm’s economic profit will rise from 0 to a positive value in the short run.
Answer:
The $7,000 balance of prepaid expenses should be added in the net income.
Explanation:
If the indirect method of cash flow statement is followed, then the decrease in current assets would increase the cash balance as it is an inflow of cash whereas the increase in current assets would decrease the cash balance as it is an outflow of cash.
But in the current liabilities, the conditions are opposite which means a decrease in current liabilities would decrease the cash balance whereas the increase in current liabilities would increase the cash balance.
In the question, it is given that the opening balance of the prepaid expenses is $15,000 and the ending balance is $8,000 which show decrements of $7,000 which will add to the net income.
Hence, the $7,000 balance of prepaid expenses should be added in the net income.
<span>gym is to healthy as book is to Knowledgeable
The relationship between gym with healthy is that healthy is the expected result that gotten if someone went to gym regularly.
Therefore, the answer should be the expected result if someone read the book regularly, which is knowledgeable.</span>
Answer:
Lobbying
Explanation:
This is a tool used since the beginnings of political organized society. Nowadays it is considered a business practice and there are enterprises that use lobby to influence politicians in order to meet the objectives they want to attain with actions such as passing of bills.