For questions 1-10, fill in the blank with the letter of the term or description that best matches
the term.
descriptions:
a. the amount of an employee's income that an employer sends directly to the federal, state, or local
tax authority
b. taxes, insurance, and saving plans deducted from a paycheck
c. provides a summary of the payroll information for each pay period
d. commission, hourly rate, and salary
e. fee paid for providing a service, usually as a percentage of the total amount of the business
transacted
f. social security, medicare, federal, and state taxes
g. type of payment where an employee is only paid for the hours worked
h. health insurance, retirement plans, life insurance, and stock purchase plans
i. a payment amount that is paid yearly, and is then divided into weekly, biweekly, or monthly
payments throughout the year
j. deductions that are untaxed

explanation:

kool beans

in terms of experimental research, mcdonald’s charging different prices in the two cities relates to

answer///(d)individual rights of a person are integral to analyzing the morality of action;

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.