Answer the question on the basis of the following information: Harry owns a barber shop and charges $6 per haircut. By hiring one barber at $10 per hour, the shop can provide 24 haircuts per eight-hour day. By hiring a second barber at the same wage
rate, the shop can now provide a total of 42 haircuts per day. Refer to the given information. The MP of the second barber is:
A. $240.
B. $108.
C. 18 haircuts.
D. 42 haircuts.
Answer: C
Economics
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Garrison is the chief financial officer (CFO) of the Colorado Drone manufacturing company and is also on the company's board of directors. Garrison is considered ________ of the company
A) a bondholder B) an inside director C) a financier D) an outside director
Economics
Give an example of cross-price elasticity of demand that involves a substitute and another that involves a complement. Calculate a sample cross-price elasticity of demand for each.
What will be an ideal response?
Economics