William Shlensky was a minority shareholder in the Chicago Cubs baseball Field. During the early 1960s, the Cubs did not play night games at Wrigley season. Shlensky sued based on the theory that failure to install lights at Wrigley Field and schedule night games was negligent and represented poor management. Should management’s decision be upheld under the business judgment rule?

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.)