Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During the first month of operation, the corporation issued 400 shares to its attorneys in payment of a $5,000 charge for drawing up the articles of incorporation. The entry to record this transaction would include: Multiple Choice A debit to Organization Expenses for $4,000. A debit to Organization Expenses for $5,000. A credit to Common Stock for $5,000. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $5,000. A debit to Paid-in Capital in Excess of Par Value, Common Stock for $2,000.

they work in some type of way

answer; by looking at total product,marginal product,and changes in both after changes in inputs

answer; private store;

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.