All Wood Industries manufactures​ custom-designed playground equipment for schools and city parks. expected to incur $707,200 of manufacturing overhead​ cost, 41,600 of direct labor​ hours, and of direct labor cost during the year​ (the cost of direct labor is ​$38 per​ hour). The company allocates manufacturing overhead on the basis of direct labor hours. During January, Outdoor completed Job 302. The job used 155 direct labor hours and required $14,500 of direct materials The City of Westlake has contracted to purchase the playground equipment at a price of 26% over manufacturing cost. Required:
Calculate the manufacturing cost of Job 302.

answer; work samples;

where is the graph?

answerthe above statement is false;

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.