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Nonamiya [84]
3 years ago
12

A recent study at a liberal arts college concluded that demand elasticity is 0.91 for college courses. The administration is con

sidering a tuition increase to help balance the budget. An economist might advise the school to: A. decrease tuition in order to increase revenue by boosting enrollment B. increase tuition in order to increase revenue C. leave tuition unchanged as a change in tuition is unlikely to enhance the school budget by increasing revenue D. decrease tuition because demand for courses is elastic
Social Studies
1 answer:
Anarel [89]3 years ago
7 0

Answer:

B. increase tuition in order to increase revenue

Explanation:

Price elasticity of demand is a concept that seeks to measure the sensitivity of demand to the price of a good or service. Thus, if demand is elastic, it means that even small variations in price have a strong impact on demand. Conversely, if demand is inelastic, variations in the price of the good will not greatly affect demand, meaning consumers will continue to demand that particular good or service. The calculation of the price elasticity of demand consists in the division between the variation of the quantity demanded by the variation in the price practiced. If the result is greater than 1, demand is considered elastic (price sensitive). Conversely, if elasticity is less than 1, demand is considered inelastic (little price sensitive). If elasticity equals one, then the change in demand is exactly the same as the price change.

In the case of this faculty, the demand for courses is 0,91, so it's less than 1, therefore inelastic demand. This way, the college can maximize its revenue by increasing the tuition fee.

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Answer:

False

Explanation:

"Out of many, one" is an English translation of the Latin phrase "E Pluribus Unum." The main reason behind this phrase is the belief that out of the original Thirteen Colonies of America, a new single nation is established. This is the United States of America.

Hence, in this case, it is FALSE to conclude that the phrase "Out of many, one" reflects the idea that people from across the world have come together in the United States to create the American identity.

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3 years ago
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3 years ago
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Levart [38]

Answer:

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2 years ago
Grayson has been diagnosed with prediabetes, and his dietician has suggested that he reduce the number of sugary snacks he consu
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Answer:

The correct answer is Stimulus control intervention.

Explanation:

Stimulus control is a concept of behavioral psychology that refers to the way an organism behaves when in the presence of a certain stimulus and how that behavior changes in its absence.

<u>A discriminative stimulus is a stimulus that modifies the organism's behavior in this particular manner. </u>

In this particular case, to reduce the temptation to buy and consume the snacks, Grayson starts shopping at a local farmer's market and subscribes to a healthy-eating blog. Grayson is aboiding the stimulus that causes him to elicit the behavior of eating sugary snacks.

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