Red and white company reported the following monthly data: units produced 2,100 units sales price $ 26 per unit direct materials $ 2 per unit direct labor $ 3 per unit variable overhead $ 4 per unit fixed overhead $ 7,980 in total what is red and white's net income under variable costing if 990 units are sold and operating expenses are $11,900? multiple choice ($3,050) ($1,820) $1,168 $4,930 $8,850

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.)