Amanufacturer produces a certain men's athletic shoe in integer sizes from 8 to 17. for this particular shoe, each unit increase in size corresponds to a 1/4-inch increase in the length of the shoe. if the largest size of this shoe is 20% longer than the smallest size, how long, in inches, is the shoe in size 15?

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.