American Optical Corporation provides a variety of share-based compensation plans to its employees. Under its executive stock option plan, the company granted options common shares within the next five years, but not before December 31, 2019 (the vesting date). The exercise price is the market price of the shares on the date of grant, $65.50 per share. The fair value of the 6 million options, estimated by an appropriate option pricing model, is $16 per option. No forfeitures are anticipated. Ignore taxes. January 1, 2018, that permit executives to acquire 6 million of the company's $1 par on Required: 1. Determine the total compensation cost pertaining to the options. 2. to 4. Prepare the appropriate journal entries.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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answer; situational irony;

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.