Assume your business has the following characteristics represented by the strategic profit model below. ( all numbers are in $ millions) if you were able to reduce your fixed costs by $5 million, but kept your sales, asset base and other operating costs the same, what would be the impact on roe?

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.)