Assume the following information for a merchandising company: Number of units sold 20,000
Selling price per unit $ 30
Variable selling expense per unit $ 3.7
Variable administrative expense per unit $ 2.7
Fixed administrative expenses $ 50,000
Beginning merchandise inventory $ 24,000
Ending merchandise inventory $ 19,000
Merchandise purchases $ 340,000
What is the contribution margin?

the world_record_egg gained more than 25 million likes in just 10 days after posting a image of an egg on 4 january with the caption: “let’s set a world record together and get the most liked post on instagram.”

say it in english maybe we can

answer; ///blank(1) longer; blank(2); lessi believe this is correct, plz check first; good luck';

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.