RUSS Inc. needs cash to purchase more rental property, and borrows $268,000 cash on a 3-year, $300,000, 4%, semi-annual note from a family friend. From a recent inquiry into a similar loan from a local bank, RUSS knows that its market rate is 8%. Which of these interest rates should the lender use to calculate the amount of interest it will receive in cash:

The lender should use 4%, semi-annual rate in order to calculate the amount of interest it will receive in cash.

Explanation:

Since RUSS Inc. has already borrowed money at a 4%, semi-annual note from a family friend, it is irrelevant what the market rate is after RUSS has taken the loan. RUSS Inc. will pay and the lender will receive interest on the mutually agreed rate according to their agreement.

answer/// there is an inverse relationship between price and quantity demanded;

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.