Baker Oats had an asset turnover of 2.6 times per year. a. If the return on total assets (investment) was 8 percent, what was Baker’s profit margin? (Input your answer as a percent rounded to 1 decimal place.) b. The following year, on the same level of assets, Baker’s assets turnover declined to 2 times and its profit margin was 4 percent. How did the return on total assets change from that of the previous year? Increased Decreased No change

answer; dogs;

answer; /// radio frequency identification;

i have economics during second block which is easy to me. anyways, i think b.

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.