Jasper Chemicals makes Compound X made out of Ingredient J and K that provide benefit A, B,C. A pound of chemical J contributes 10 ounces of A and 6 ounces of B. On the other hand, one pound of chemical K provides 2 ounces of A, 6 ounces of B, and 1 ounce of C. Ingredient J costs $3 per pound, and ingredient K costs $5 per pound. The production manager wants to know how many pounds of each ingredient to put into a bag of Compound X to meet the minimum requirements of 20 ounces of A, 36 ounces of B, and 2 ounces of C while minimizing cost. Formulate the linear programming model for this problem. Solve this model by using graphical analysis. (You have to show your solutions using the graphical method) Discuss your final recommendation for Jasper Chemicals.

answer; offer in store wine and beer samples;

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.

answerboth the short run phillips curve and the aggregate demand and aggregate supply model

the answer would be price fixing, hope it