Use the following to answer questions: 
-(Table: Cherry Farm) Look at the table Cherry Farm. If Hank and Helen have one of 100 farms in the perfectly competitive cherry industry and if the price is $3, in the short run the industry will supply _____ pounds.
Definitions:
Leading Indicator
A measurable economic factor that changes before the economy starts to follow a particular pattern or trend, used to anticipate changes.
HRM Evaluation
The process of examining and assessing the effectiveness of Human Resource Management practices and policies in achieving organizational goals.
Predicts Future
The act of forecasting or estimating future trends, behaviors, or events based on current or past data.
Labour Expenses
The total costs incurred by an organization in compensating its employees, including salaries, benefits, and other related expenses.
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