1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dimas [21]
3 years ago
9

A study of about 1,800 U.S. colleges and universities resulted in the demand equation q = 9,900 − 2p, where q is the enrollment

at a college or university, and p is the average annual tuition (plus fees) it charges. (a) The study also found that the average tuition charged by universities and colleges was $2,700. What is the corresponding price elasticity of demand? (Round your answers to two decimal places.)
Business
1 answer:
Ratling [72]3 years ago
7 0

Answer:

The corresponding price elasticity of demand is -2.00.

Explanation:

The price elasticity of demand is obtained by differentiating the demand equation with respect to the average annual tuition fees (p).

The demand equation is q = 9,900 - 2p

Differentiating q with respect to p

dq/dp = -2 (differentiation of a constant is 0)

Therefore, the price elasticity of demand is -2.00.

You might be interested in
During a resuscitation, the team leader assigns team roles and tasks to each member. You recognize that a task has been overlook
GalinKa [24]

Answer:

fill that overlooked role

Explanation:

In a scenario such as this one, the most appropriate action would be to fill that overlooked role. During a resuscitation, every second counts and all the members of a team are trained to handle these situations, therefore if a role has been overlooked by the team leader the other members need to fill that role as quickly as possible as long as they are not currently occupied with another role. Doing so will save time and potentially a life.

4 0
3 years ago
Speculative investments are high-risk investments with the possibility of high returns in a short period of time.
bixtya [17]
<span> <span>True. Risk in investment can be defined as the possibility that the investor may lose a big portion or all of the initial investment or make very high returns in a short period. Risk which is often likened to volatility dictates that the higher the volatility the higher the chances of returns. Speculative investments such as leveraged ETFs(commodities such as gold, oil, silver), options, venture capital trusts are considered high risk and often so offer handsome returns or cost the investor all or even more of their initial capital. It is however important to note that high risk does not automatically translate into high returns. The intrinsic value of the investment vehicle among other factors need to be considered in depth to determine if the investment is worth the risk</span></span>
8 0
3 years ago
Read 2 more answers
In one paragraph describe the general advantages and drawbacks of the premium pricing strategy.For exapmle, explain where it fal
pishuonlain [190]

Answer:

The main advantage resulting from a premium pricing strategy is the higher profits. Another advantage is that customers that purchase premium products seek higher quality and tend to show higher brand loyalty associated with the status of using premium products. The disadvantages of premium pricing are that it cannot be applied to all products, the marketing efforts tend to be more specific, and therefore, represent a higher percentage of sales, and finally, not everyone is willing to pay premium prices.

6 0
3 years ago
Suppose the U.S. and Japan both produce airplanes and televisions and the U.S. has a comparative advantage in the production of
EastWind [94]

Answer:

d. both countries, as whole, will be better off.

Explanation:

When countries leverage on their comparative advantages, they will be better off. In this instance as US has comparative advantage in producing airplanes, it will be more cost effective for them to produce and export to Japan.

So also Japan will find it cheaper to produce televisions and export to the US. Both contries reduce cost by producing goods they have comparative advantage in.

6 0
3 years ago
Diz Co. is a U.S.-based MNC with net cash inflows of euros and net cash inflows of Swiss francs. These two currencies are highly
VikaD [51]

Answer:

Yanta Co. has a higher exposure to exchange rate risk than Diz Co.

The reason is that Yanta Co. does not have net inflows of euros.  Instead, its euro transactions yield net outflows.

It will always be in need of euros to settle its foreign debts or obligations, unlike Diz Co. with foreign assets.

Explanation:

a) Data and Analysis:

Diz Co. has net cash inflows of euros and net cash inflows of swiss francs

Yanta Co. has net cash outflows of euros and net cash inflows of swiss francs

b) Exposure to exchange rate risk or currency risk is the financial risk arising from fluctuations in the value of the US dollars against the Euro or Swiss Francs in which Diz Co. has some foreign assets while Yanta Co. has foreign obligations.

5 0
3 years ago
Other questions:
  • Create a list of five action verbs you might use on a job application to describe skills and/or work history.
    7·1 answer
  • The pita pit borrowed $192,000 on november 1, 2018, and signed a six-month note bearing interest at 12%. principal and interest
    13·1 answer
  • What is revision? (Apex)
    8·2 answers
  • A table of notes receivable for 2018 follows:
    15·1 answer
  • Sanborn Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year.
    5·1 answer
  • Lowden Company has an overhead application rate of 162% and allocates overhead based on direct material cost. During the current
    10·1 answer
  • When denying a claim, what approach should you not use? Check all that apply. "
    10·1 answer
  • According to the situational leadership theory developed by Hersey and Blanchard, followers’ readiness to be responsible for the
    12·1 answer
  • Personal finances-- multiple choice!
    10·2 answers
  • Rodney (a fictional person) was self-employed, running a successful business, seemingly healthy, and never thought he would have
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!