A firm's fiscal year has just ended when it made a sale in the amount of $120,000 of merchandise inventory that it purchased during the year at a total cost of $110,500. Although the firm paid in full for the merchandise during the year, it has yet to collect at year-end from the customer. The net cash flow and net profit from this sale for the year are . A. $37,500 and minus$112,500, respectively B. minus$110,500 and $9,500, respectively C. $150,000 and $110,500, respectively D. $0 and $150,000, respectively

hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )

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.