productivity can be measured in a variety of ways, such as by labor, capital, energy, material, usage, and so. at nodern lumber inc , art bintley, president and producer of apple gratea sold to grower, has been able, with his current equipment to produce 240 crates per 100 logs. he currently purchase 100 logs per day, and each log require 3 labor- hours to process. he believes that he can hire a professional buyers who can buy a better - quality log at the same cost. if this is the case, he can increase his product production to 260 crates per 100 logs. his labor- hour will increase by 8 hours a day. what will be impact on productivity ( measure in crates per labor "-hour)" if the buyer it hired?

answerblank(1) negatively.blank(2); rises; blank(3) falls;

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.