B) after you graduate, you have decided to accept a position working at the bureau of labor statistics for $45,000.00 a year. the two other offers you received were working for wal-mart for $38,000 and working for ernst and young consulting for $42,000. of these two offers, you would have preferred the job at ernst and young. what is the opportunity cost of accepting the position at the bureau of labor statistics?

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.)