The current price of a bond having annual coupons is $1,312. The derivative of the price function of the bond with respect to the yield to maturity is $7,443.81 when evaluated at the current annual yield, which is 7%. Calculate the Macaulay duration

answer; /// place the thermal compound between the heat sink and the microprocessor;

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.