The payoff on Susan's existing mortgage will be $64,455.16 on the day of closing. Broker William's fee is 6%. Doc stamps and intangible taxes are paid according to custom. Use the 365-day method for prorations. If the lender wants a three-month tax escrow plus the number of months through the day of closing, what is the amount of prepaid taxes the lender collects at closing?

answer utilities; more money you have to pay out ; )

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.