The demand for subassembly S is 90 units in week 7. Each unit of S requires 2 unit of T and 2 units of U. Each unit of T requires 2 unit of V, 1 units of W, and 1 unit of X. Finally, each unit of U requires 1 units of Y and 3 units of Z. ONe firm manufactures all items. It takes 2 weeks to make S, 1 week to make T, 2 weeks to make U, 1 weeks to make V, 3 weeks to make W, 2 week to make X, 2 weeks to make Y, and 2 week to make Z. In addition to 90 units of S, there is also demand for 30 units of U, which is a component of S. The 30 units of U are needed for maintenance purposes. These units are needed in week 6. Modify the gross material requirement plan to reflect this change.
a) Using the infomation construct a gross material requirements plan.
b) Construct a net material requirements plan of the on-hand inventory.

answercompetitive advantage;

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.