You are expecting to start savings for retirement in the following way: Assume it is time 0 and in exactly 1 year, you are going to put $2500 in your Individual Retirement Account, and repeat that for 24 years. At year 25, you are going to put a total of $3500 (Original $2500 + $1000 more) until year 35. How much will you have in your account after you retire at year 35 if your constant interest rate is 9.5% right after the last payment?

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.)