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
Sphinxa [80]
2 years ago
13

Get Smart University is contemplating an increase in tuition to enhance revenue. If GSU feels that raising tuition would enhance

revenue, it is
a. assuming that the demand for university education is elastic
b. assuming that the demand for university education is inelastic.
c. assuming that the supply of university education is elastic.
d. ignoring the law of demand.
Business
1 answer:
Vikentia [17]2 years ago
5 0

Answer:

Correct option is (b)

Explanation:

Price elasticity of demand is the law that states that proportion of percentage change in demand due to percentage change in price only and not any other factors. Demand is perfectly elastic if quantity demanded changes tremendously with change in price. Demand is inelastic if there is no change in quantity demanded with increase in price.

Here, Get smart university plans to increase tuition fees assuming that there will be no change in demand for the seats offered by the university due to increase in price. So, it assumes that demand is inelastic.

You might be interested in
Skaredykat Inc. is considering initial expansion beyond its home market. The firm has decided not to enter markets that differ g
vichka [17]

Answer: (B) The firm is using a regional approach to international expansion

Explanation:

  The Skaredykat Inc., is one of the firm which is using a regional approach or strategy for the international expansion purpose beyond its actual home market.

A regional approach is one of the type of business strategy that helps in boost the performance of an organization and it is typically used in the global initiatives.

According to the given question, The firm is using the regional approach for the purpose of international expansion that also include its home country and by using the proper business planning and also strategies we can easily expanding the business into international level.    

 Therefore, Option (B) is correct answer.  

7 0
3 years ago
What does the SSN on the student financial application form mean?
Murrr4er [49]

Answer:

Social Security Number

5 0
3 years ago
The current sections of Birmingham Inc.’s balance sheets at December 31, 2019 and 2020, are presented here. Birmingham’s net
jekas [21]

Answer:

Net Income 193,000

Non-monetary terms:

Depreciation expense    25,000

amortization expense       10,000

gain on disposal          <u>     (7,000)   </u>

Adjusted Income            221,000

Change in Working Capital:

Increase in A/R        (27,000)

Decreasein Inv          17,000

Increase in Prepaid   (5,000)

Increase Accrued /P   11,000

Decreasein A/P         (6,000)

Change In Working Capital     (10,000)

From Operating Activities    211,000

Investing

Sale of Equipment  47,000

Financing

Bonds Issued   60,000

Cash Flow              318,000

Beginning Cash   99,000

Cash Flow           318,000

Ending Cash        417,000

Explanation:

We first remove the non.monetary concetps from the net income.

Then we adjust for the change in working capital which are the incrase and decrease in the current assets and liabilities account

Increase in asset and decrease in liabilities represent cash outflow

while the opposite is true when an asset decrease(convert to cash) or a liablity increase (delay of the payment)

6 0
3 years ago
A tax structured so that people with the same income pay the same percentage of their income in taxes is called a (an)__________
djyliett [7]

Answer:

c. progressive tax

Explanation:

Progressive tax can be regarded as one of the tax structure whereby the tax payer that receive higher incomes in the state pay a higher share of taxes from the income they made, which is different from those that receive Lower income. It is a tax system whereby when there is increase in tax rate then the taxable amount increases too. It should be noted that the tax structured where people with the same income pay the same percentage of their income in taxes is reffered to as progressive tax. wealth/property tax is one of the example of progressive tax.

4 0
2 years ago
Read 2 more answers
Since she was hired four months ago, Janelle has performed poorly on many aspects of her job. This is likely to be attributed to
elena-s [515]

Answer:

internal causes

Explanation:

Based on the information provided within the question it can be said that this is most likely to be attributed to internal causes. This term refers to various different attributes within an individual such as their traits, abilities, or even emotional feelings from different events in their lives. These factors are what are most likely affecting Janelle in her new job.

6 0
3 years ago
Other questions:
  • True entrepreneurs: a.hire professional managers to run their businesses. b.are professional managers whose job is running someo
    13·1 answer
  • Balance sheet accounts Group of answer choices 1. are called real accounts 2. have zero balances after the closing entries have
    12·1 answer
  • For each of the​ following, describe some of the potential opportunity costs ​:1. Going home for Thanksgiving vacation. A. Time
    14·1 answer
  • An economy is operating with output $400 billion above its natural level, and fiscal policymakers want to close this expansionar
    9·1 answer
  • Suppose a firm’s total revenue is $100 when it sells 10 units, and $110 when it sells 11 units. The firm, therefore, is a(n):
    12·1 answer
  • During 2015, LeBron Corporation accepts the following notes receivable.a. On April 1, LeBron provides services to a customer on
    5·1 answer
  • Appalachian Ski Shop signs a three-month note payable to help finance increases in inventory for the winter ski season. The note
    9·1 answer
  • Who should Jake Paul fight next? Currently in an argument with my brother!!
    7·1 answer
  • Why did hans bethe argue against the strategic defense initiative (sdi) program?
    14·1 answer
  • movie producers a, b, and c secretly meet and agree to release their summer blockbuster films in sequence, rather than at the sa
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!