During the current year, hawk corporation sold equipment for $600,000 (adjusted basis of $360,000). the equipment was purchased a few years ago for $760,000 and $400,000 in macrs deductions have been claimed. ads depreciation would have been $300,000. as a result of the sale, the adjustment to taxable income needed to determine current e & p is:
a. no adjustment is required.
b. subtract $100,000.
c. add $100,000.
d. add $80,000.
e. none of the above

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.)