A company needs to replace on old machine that is used to produce a primary product. The selling price of the product will be $219 per unit. Two different machines that could produce the product are being considered. Machine A would have an annual fixed cost of $9,500 and a variable cost per unit of $119. Machine B would have an annual fixed cost of $7,900 and a variable cost per unit of $128. a. Compute the annual break-even quantity for each machine. b. Based on annual cost, at what annual volume would the company be indifferent to purchasing Machine A or B

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.)