You commute to work a distance of 40 miles and return on the same route at the end of the day. your average rate on the return trip is 30 miles per hour faster than your average rate on the outgoing trip. if the round trip takes 2 hours, use a rational equation and factoring to find your average rate on the outgoing trip to work? show all work for full credit and write a sentence explaining your answer. don’t forget the label. refer to the distance, rate and time application questions in video 87 for assistance.

answersituation analysis;

answermarket demand;

true basically. have an awesome day ya'll.

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.