In the figure above, Nike maximizes its profit if it charges ________ per pair of shoes

Refer to Table 1-5. Using marginal analysis, how many hours should Julius extend his shop's hours of operations?

A) 2 hours B) 3 hours C) 4 hours D) 5 hours E) 6 hours

Along a perfectly elastic supply curve

a. the quantity supplied is always the same b. the price elasticity of demand is always the same c. the price is always the same d. the cross-price elasticity of demand is always the same e. the elasticity of supply is different at each point.