Sales $114,000 Operating Income $39,900 Total Assets $71,250 Sales Margin (ROS) ? Capital Turnover ? Return on Investment (ROI) ? Target Rate of Return (Cost of Capital) 10% Residual Income ? What are the answers to the question marks? You Answered Sales Margin Correct Answer35% You Answered Capital Turnover Correct Answer1.6 You Answered ROI Correct Answer56% You Answered Residual Income

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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.