Campbell corporation uses the retail method to value its inventory. the following information is available for the year 2018: cost retail merchandise inventory, january 1, 2018 $ 290,000 $ 290,000 purchases 622,000 920,000 freight-in 18,000 net markups 30,000 net markdowns 5,000 net sales 900,000 required: determine the december 31, 2018, inventory by applying the conventional retail method.

answer; strategic planning;

it's d. out with the planting and harvest of the crops.

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.