7. Wireless, high-speed Internet is provided for free in the airport of the city of Communityville. a. (0.15 pt) At first, only a few people use the service. What category of good is this and why? b. (0.15 pt) Eventually, as more people find out about the service and start using it, the speed of the connection begins to fall. Now what category of good is the wireless Internet service and why? c. (0.2 pt) What problem might result and why? What is one possible way to correct this problem?

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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.