The West Division of Shekarchi Corporation had average operating assets of $662,000 and net operating income of $85,100 in March. The minimum required rate of return for performance evaluation purposes is 16%. What was the West Division's residual income in March?

an online clothing brand

explanation:

answer; only identify and interpret trends in the marketplace;

answer; measurable outcome;

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.