Acompany makes standard 130-inch-wide rolls of thin sheet metal and slits them into smaller rolls to meet customer orders for widths of 10, 14, and 25 inches. suppose that the company has proposed the following cutting patterns: a b c d e 1 cutting-stock problem 2 3 data 4 pattern 10-in rolls 14-in. rolls 25-in. rolls scrap 5 1 0 8 0 10 6 2 0 2 3 10 7 3 3 0 3 4 8 4 10 0 0 10 9 5 3 2 2 4 10 6 8 2 0 4 demands for the coming week are 950 10-inch rolls, 725 14-inch roles, and 640 25-inch rolls. develop a model using the analytic solver platform that will determine how many 130-inch rolls to cut into each of the six patterns in order to meet demand and minimize scrap. what is the total number of 14-inch rolls produced?

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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.