A store wants to determine how many Christmas trees it should order for the holiday season. The store purchase these trees at a price of $240 per tree and sells them for $300 per tree. The demand for them during the season normally distributed with a mean of 90 trees and a standard deviation of 10 trees. Any unsold trees are always eventually sold but at discount of 30%. Determine the optimal stocking level?

Joshua is a millionaire, and he manages several successful companies. he usually interacts with people of similar status. given this information, joshua and the people he interacts with are part of a

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.)

What role do business cycles play in a market economy