The following transactions are july activities of bennett’s bowling, inc., which operates several bowling centers, offering customers lanes for games and merchandise for sale. bennett’s provided to customers bowling merchandise inventory costing bennett’s $680. (consider only the effect on cost of goods sold [expense] here.) bennett’s paid $500 on the electricity bill for june (recorded as an expense in june). bennett’s paid $3,600 to employees for work in july. bennett’s purchased $1,500 in insurance for coverage from august 1 to november 1. bennett’s paid $700 to plumbers for repairing a broken pipe in the restrooms. bennett’s received the july electricity bill for $900 to be paid in august. if expenses are not recognized in july, choose 'none' for the account affected. if expense is to be recognized in july, indicate the expense account title and amount.

answer; sales of books;

answer trochanter; i believe this is correct, plz check first, good luck;

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.