Shine bros. corp., a recycling company based in spencer, iowa, bought its first fuchs machine-- an mhl 320 scrap handler-- in 1998. since then, the company had bought two additional fuchs scrap handlers to perform various scrap handling tasks at its spender tard. according to the owners of the company, "we now know the average time between break downs." the owner was describing which characteristic of product quality?

a. durability

b. serviceability

c. responsiveness

d. consistency

e. effectiveness

answer(c) factors of production;

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.