Judyjudy hires students at $5050 a day to mow lawnsmow lawns. sheshe leases equipment that costs $8080 a day. suppose that judyjudy doubles the number of students sheshe hires and doubles the amount of equipment that sheshe leases. if judyjudy experiences diseconomies of scalediseconomies of scale, herher long-run average cost curve a. is horizontal b. shifts upward c. slopes downwardslopes downward d. slopes upwardslopes upward e. shifts downwa

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)