The product manager for Baldwin's Elite product, Bit, is comparing his product to Chester's Elite product, City, in terms of reliability costs between the two. If it costs $0.30 per 1000 hours of MTBF, what is the difference in reliability cost per unit?

a.$1.50

b.$1.82

c.$2.00

d.$1.25

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.)