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Suppose that you are monitoring the supply and demand of haircuts in Hayward. If a new barbershop opens in Hayward, this will cause the equilibrium price of a haircuts to and the equilibrium quantity of haircuts to increase ; stay the same O decrease ; stay the same increase ; increase decrease ; increase increase ; decreasePrice+ Supply $160 $110 $10 Demand 50 Quantity The above graph shows the market equilibrium for sunglasses. What is the total dollar value of consumer surplus? O $110 $2.500 O $5,000 O $1,250 O $5,500and blueberries are Suppose that you measure the cross-price elasticity between strawberries and blueberries, and find that their cross-price elasticity is -0.35. This implies that strawberries O inferior goods O complementary goods substitute goods O elastic goods normal goodsA firm has estimated its production function to be Q = KO.28L.54. What is the output elasticity of this firm? O 0.26 O 0.82 O 0.15 O 0.54 O 0.28You pay $75 for a ticket to a Drake concert. You think the ticket is worth $100. The night before the concert your friend offers you a free ticket to a Post Malone concert that you think is worth 580. What is the opportunity cost to you of going to the Drake concert instead of the Post Malone concert? 0 sea 0 5155 O 55 O 520 O 575 Which of the following is a potential source of diseconomies of scale? C) workers specializing in certain tasks O less managers needed per worker O lack of communication between managers and workers O both {a} and [hi O all of the above can the market support? The minimum-efficient scale for a typical firm that produces brake pads is 10,000 brake pads. If the market demand is 280,000 brake pads, how many firms producing at minimum-efficient scale 10,000 280 O 280,000 O 28 O 10