If Net Domestic Product (NDP) is $50 less than Gross Domestic Product (GDP), we know that a. depreciation equals $50. b. inventories decreased over the year. c. net investment equals $50. d. inventories increased over the year.

The answer is a) depreciation equals $50.

Explanation:

The net domestic product (NDP) equals the gross domestic product (GDP) minus depreciation on a country's capital goods. Thus the only relevant answer to the scenario will be a) since NDP is 50$ less than the Gross domestic product. The net domestic product (NDP) equals the gross domestic product (GDP) minus depreciation on a country's capital goods.

This depreciation over the year can be in the form of housing, vehicle, or machinery deterioration.

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.