Which of the following is an example of human capital?

a. the comfortable chair in your room where you read economics texts
b. the amount you get paid each week to work at the library
c. the things you have learned this semeste
d. any capital goods that require a human to be present to operate

B

Explanation:

b.the amount you get paid each week to work at the library

This is because human capital involves using humans to perform series and output and managing them only option b fall in that line

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.