On October 1, 20X3, Pole Corporation paid $450,000 for all of Stick Company's outstanding common stock. On that date, the book values and fair values of Stick's recorded assets and liabilities were as follows: Book Value Fair Value Cash and Receivables $75,000 $75,000 Inventory 155,000 160,000 Buildings and Equipment (net) 260,000 320,000 Liabilities (150,000 ) (150,000 ) Net Assets $340,000 $405,0001. Based on the preceding information, the differential implicit in this acquisition is:a. $0.b. $45,000.c. $65,000.d. $110,000.2. Based on the preceding information, what amount should be allocated to goodwill in the consolidated balance sheet prepared immediately after the combination?a. $110,000.b. $65,000.c. $45,000.d. $0.

answer; dogs;

answerindividual preferences are not revealed in the market for the good;

false! basically!

i hope i'm correct.

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.