The long-run elasticity of supply in most industries is than the short-run elasticity because in the long run, a. less elastic; consumer demand will increase, increasing industry profits b. more elastic; resources and firms can enter the industry c. less elastic; resources and firms can enter the industry d. more elastic; consumer demand will increase, increasing industry profits

Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?