John wiggins is considering the purchase of a small restaurant. the purchase price listed by the seller is $850,000. john has used past financial information to estimate that the net cash flows (cash inflows less cash outflows) generated by the restaurant would be as follows: (fv of $1, pv of $1, fv of $1, pv of $1, fv of $1 an pvad of $1) (use appropriate factor(s) from the tables provided.) years amount 1-6 $ 85,000 7 75,000 8 65,000 9 55,000 10 45,000 if purchased, the restaurant would be held for 10 years and then sold for an estimated $750,000. required: determine the present value, assuming that john desires a 10% rate of return on this investment. (assume that all cash flows occur at the end of the year.) (do not round intermediate calculations. round your final answers to nearest whole dollar amount.)

answer; descriptive statistics;

answer; (c) communism and socialism;

answer/// sequence of operations that requires the longest time for completion';

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.