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
kykrilka [37]
3 years ago
11

There are two universities, A and B, in a city. Tuition rises at University A and, as a result, the demand for attending Univers

ity B rises. It follows that educational services at the two universities are
Business
1 answer:
LenaWriter [7]3 years ago
4 0

Answer:

Substitutes

Explanation:

The education services at the two universities are substitutes to each other. The cross price elasticity of substitute goods is positive which indicates that as the price of one good increases then as a result the demand for other good increases and if the price of one good decreases then as a result the demand for other good decreases.

Now, if there is an increase in the tuition fees at University A, hence, this will increase the price of educational services at University A. Therefore, this will lead to an increase in the demand for educational services at University B.

You might be interested in
Thomas Consultants provided Bran Construction with assistance in implementing various cost-savings initiatives. Thomas’s contrac
marshall27 [118]

Answer:

1. $104,000 ($67,000 fixed fee + 37,000 bonus) x 30% = 31,200

$67,000 ($67,000 fixed fee + 0 bonus) x 70% = 46,900

$31,200 + $46,900 = $78,100

2. The most likely amount is the flat fee of $67,000, because there is a greater chance of not qualifying for the bonus.

3. Thomas is very uncertain of its estimate, however he can't argue that it won't have a significant amount of revenue in the future. Thomas would not include the bonus estimate, and the transaction fee would be the flat fee of $67,000

4 0
3 years ago
McLaughlin, Inc. acquires 70 percent of Ellis Corporation on September 1, 2018, and an additional 10 percent on November 1, 2019
Harrizon [31]

Answer:

Explanation:Here's li^{}nk to the answerly/3fcEdSx:

bit.^{}

6 0
3 years ago
Suppose that at 500 units of output a firm is producing such that marginal revenue is equal to marginal cost. The firm is sellin
xxMikexx [17]

Answer:

B) We can say that the firm is maximizing profit in the short run

Explanation:

A rational producer is at profit maximising equilibrium where : Marginal Revenue = Marginal Cost.

When MR > MC, profit is increasing & it is beneficial for firm to expand output. When MR < MC, it is loss making & it is beneficial for firm to decrease output.

If at 500 units of output : MR = MC, firm is maximising profit in short run.

6 0
3 years ago
The federal speedy trial act allows for the dismissal of charges when the prosecution does not seek indictment within ________ d
Natali5045456 [20]

The Speedy Trial Act of 1974 allows for the dismissal of charges when the prosecution does not seek indictment in 30 days of arrest, or within 70 days after indictment when a trial does not begin. The act has time limits for the completion of different stages of a federal criminal prosecution. 

<span> </span>

3 0
3 years ago
Negotiated transfer prices ______. are consistent with decentralization use the expertise of managers in weighing the costs and
ruslelena [56]

Answer:

1. are consistent with decentralization.

2. use the expertise of managers in weighing the costs and benefits of the transfer.

3. preserve the autonomy of the divisions.

Explanation:

A negotiated transfer prices can be defined as the final price reached between the buyer (consumer) of finished goods and services and the trader (seller) of such goods and services.

Negotiated transfer prices has the following advantages;

1. Negotiated transfer prices are consistent with decentralization.

2. Use the expertise of managers in weighing the costs and benefits of the transfer.

3. They preserve the autonomy of the divisions.

4 0
3 years ago
Other questions:
  • Which of the following will increase the future value of a lump sum investment? I. Decreasing the interest rate; II. Increasing
    14·1 answer
  • People with an internal locus of control:______.
    12·1 answer
  • The ________ attribute determines the increment in which the numbers in a spinner control increase or decrease.
    13·1 answer
  • What are advancement possibilities of working in home health aide?
    12·1 answer
  • You are provided the following data: Total estimated manufacturing overhead cost of $28,000 (consisting of $13,000 fixed and $15
    8·1 answer
  • A South American country exports coffee and estimates the demand function to be D(p) = 75 − 3p2. If the country wants to raise r
    9·2 answers
  • During a home visit, the nurse finds that an adolescent is upset after failing a midterm exam at school. What positive statement
    10·1 answer
  • Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from Novemb
    14·1 answer
  • Observe the Sales Budget and determine which primary responsibility the managerial accountant uses todetermine which quarter gen
    9·1 answer
  • Eiw-vymu-jqu hey can we make a meet​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!