The following information will be used to answer questions 3 through 6: James Company had the following income statement accounts for the year ended December 31, 2010: Net Sales $600,000 Selling, General, and Administrative Expenses $80,000 Income Tax Expense $35,000 Unrealized Loss on Available-for-Sale Securities $8,000 Cost of Goods Sold $400,000 Interest Expense $5,000 Gain from Discontinued Operations, net-of-tax $30,000 James Company's Income from Operations for 2010 was:

answer; (a) calling people who have not shown interest in the product and asking them to buy it;

answernet income for 2017 will be greater if the inventory quantity declines;

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.