Current productivity for 640 work hours = 0.352 loaves/dollar (round your response to three decimal places). if charles chooses to increase the number of work hours to 800 in order to employ the new oven loading technique, then the productivity is = 0.352 loaves/dollar (round your response to three decimal places). b) if charles instead chooses to purchase a new blender (while holding labor constant at 640 hours at $8 per hour), then the productivity is = . 427 loaves/dollar (round your response to three decimal places).

answerangel investor;

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.