Jack Pickle decided to start a small business. His initial investment was $4,000. Demonstrate how to record this transaction in the accounting equation. Multiple choice question. A. Increase Cash by $4,000; increase Revenues by $4,000.
B. Increase Cash by $4,000; Increase J. Pickle, Capital by $4,000
C. Increase Cash by $4,000; decrease J. Pickle, Capital by $4,000.
D. Decrease Cash by $4,000; decrease J. Pickle, Capital by $4,000.

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.