A telemarketing company based in Utah has established a guideline stating that the average time for each completed call should be no more than 250 seconds. Recently the operations manager was concerned that calls were taking too long. The operations manager did not wish to assert that the calls were taking too long if the sample data did not strongly indicate this. A sample of 12 calls was selected and the following times (in seconds) were recorded. 194 278 302 140 245 234 268 208 302 190 320 255 Based on the sample data, develop appropriate null, and alternate hypothesis and perform the relevant hypothesis test.

​participate in networking opportunities that allow you to get to know potential clients, other entrepreneurs, influential people in your community, etc. focus on doing everything you can to cultivate posting word of mouth advertisin

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.