Amachine cost $1464000, has annual depreciation of $244000, and has accumulated depreciation of $1159000 on december 31, 2020. on april 1, 2021, when the machine has a fair value of $335500, it is exchanged for a machine with a fair value of $1647000 and the proper amount of cash is paid. the exchange had commercial substance. the gain to be recorded on the exchange is

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.)