Big cure and little cure are both pharmaceutical companies. big cure presently has a potential "blockbuster" drug before the food and drug administration (fda) waiting for approval. if approved, big cure's blockbuster drug will produce $1 billion in net income for big cure. little cure has ten separate, less important drugs before the fda waiting for approval. if approved, each of little cure's drugs would produce $50 million in net income. the probability of the fda approving a drug is 50%. what is the expected payoff for little cure's ten drugs?

answerblank(1) //inferiorblank(2) ramen noodles;

anyone below or above ambitious can tell you. so crowns mean brainliest. getting brainliest means your answer needs a good explanation and the person asking the question can understand your answer easily. so say there's a multiple choice question. you don't just want to say your answer is a, hope it . provide evidence and reasoning so that they know that that is the correct answer. a good explanation should have evidence, good reasoning, and your opinion on why you picked that. you don't want to look up their question on the internet and see if you can answer it. pick questions that you 100% know the answer to, so than that way you can provide a better explanation.

best of luck,

the divergent

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.