subject

An increase in the market price of men's haircuts, from $18 per haircut to $28 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 40 to 45. when the $28 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 60 haircuts per day. what is the short-run price elasticity of supply? 0.27 (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)

ansver
Answers: 2

Another question on Advanced Placement (AP)

question
Advanced Placement (AP), 22.06.2019 06:30
Eleni and analisa are driving to ms. a's wedding. eleni is going east at a rate of 50 mph and analisa is driving south at 38 mph. at what is the distance between the cars changing when eleni is 1 mile and analisa is 3/4 mile from the wedding?
Answers: 3
question
Advanced Placement (AP), 25.06.2019 20:00
Julian and morgan obtain a 30-year 4/1 arm at 3.9% with a 3/13 cap structure in the amount of $182,345.? what is the remaining balance on the mortgage after the first four years? $141,062.12 $168,476.64 $172,148.77 $173,946.01
Answers: 2
question
Advanced Placement (AP), 26.06.2019 08:30
Which side did jupiter chose in the trojan war
Answers: 1
question
Advanced Placement (AP), 27.06.2019 21:30
What might be the best time to start saving for retirement
Answers: 1
You know the right answer?
An increase in the market price of men's haircuts, from $18 per haircut to $28 per haircut, initiall...
Questions
question
Chemistry, 05.05.2021 02:00
Questions on the website: 13722359