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
coldgirl [10]
3 years ago
13

Suppose that, in an attempt to raise more revenue, Anywhere State University increases its tuition. Will this necessarily result

in more revenue? Under what conditions will revenue (a) rise, (b) fall, or (c) remain the same? Explain this process, focusing on the relationship between the increased revenue from students enrolling at ASU despite the higher tuition and the lost revenue from possible lower enrollment. If the true price elasticity were -1.1, what would you suggest the university do to expand revenue? If you were the president of ASU, how would you tackle this problem based on what you have learned in this course?
Business
1 answer:
Akimi4 [234]3 years ago
6 0

Answer:

1. That will not necessarily result in more revenue because it depends on the price elasticity of demand for the schools tuition fees

Explanation:

Suppose that, in an attempt to raise more revenue, Anywhere State University increases its tuition.

1. That will not necessarily result in more revenue because it depends on the price elasticity of demand for the schools tuition fees

2. Under the conditions that price is in-elastic, revenue will rise,

Under the conditions that price is elastic, revenue will fall,

Depending on the mix of reaction, if there is a 50% elasticity and 50% in-elasticity, revenue may remain the same.

3. Explain this process, focusing on the relationship between the increased revenue from students enrolling at ASU despite the higher tuition

<em>This would mean that schooling at ASU has an inelastic demand as earlier stated.</em>

4. Explain the process of  lost revenue from possible lower enrollment.

<em>This would mean that schooling at ASU has an elastic demand as earlier stated.</em>

5. If the true price elasticity were -1.1, what would you suggest the university do to expand revenue?

<em>Above unitary elasticity implies that the demand for the school is very elastic i.e. revenue will fall with increase in tuition fees</em>

<em />

6. If I were the president of ASU, I would tackle this problem <em>based on what I have learned about price elasticity by reducing tuition fees a little to increase revenue much more since the price elasticity is above 1.</em>

<em />

You might be interested in
For the current year, Power Cords Corp. expected to sell 42,000 industrial power cords. Fixed costs were expected to total $1,65
Bond [772]

Answer:

A. 40,900

Explanation:

Calculation for what Power Cords Corp.'s margin of safety (MOS) in units is:

First step is to calculate the Break-even

Break-even units = $1,650,000/($3,750 - $2,250)

Break-even units= 1,100 units

Now let calculate the margin of safety (MOS) in units

Margin of Safety = 42,000 - 1,100

Margin of Safety= 40,900 units

Therefore Power Cords Corp.'s margin of safety (MOS) in units is:40,900

3 0
3 years ago
Eddie Falco went to a grocery store to buy his favorite brand of ice cream. However, the store was temporarily out of that brand
arlik [135]

Answer:

limited problem solving

Explanation:

 Limited problem solving -

It refers to the process of buying certain goods and services , when the person have only limited knowledge about the product , is referred to as limited problem solving .

People having lack of knowledge may even end up buying the wrong product  .

Hence , from the given scenario of the question ,

The correct term is limited problem solving .

5 0
3 years ago
Cyan Corporation (E &amp; P of $700,000) has 4,000 shares of common stock outstanding. The shares are owned as follows: Angelica
pshichka [43]

Answer:

Part - (a)  

Since A constructively holds stock through her son and a prohibited interest within the 10 years of divestment, she will not receive a favorable treatment.

Part - (b)  

The sale may qualify for redemption if A decides to become a creditor within a 10 years period. Creditors do not hold prohibited interest in corporations, typically because they hold no voting rights.

Part - (c)  

The act of replacing, or office held by a family member, does not constitute a prohibited interest. Therefore: the sale should qualify.

Part - (d)  

Accepting the stocks as gift would trigger a prohibited interest. The size of the gift and her son's shares and will nullify the 10 year rule.

3 0
2 years ago
Read 2 more answers
Rose decides she wants to begin her own business, marketing toward online game players. Which of the following best answers the
marta [7]
The best option is B Paint Space game Online character portraits to sell on her website.

Rose decides she wants to begin her own business, marketing toward online game players. The statement which best describe the economic question What to produce is Paint Space game Online character portraits to sell on her website.

3 0
3 years ago
Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 20
jek_recluse [69]

Answer:

a. 116.9 and the inflation rate was 16.9%

Explanation:

<u>Definition</u>

Consumer Price Index (CPI) is a statistical measure that is constructed using a weighted average market basket of consumer goods and services produced by a household.

CPI = (Cost of market basket ₓ / Cost of market basket ₓ₁) * 100

where x = present year(2014) and x1 = base year(2012)

CPI = (90/77) * 100

CPI = 116.88

CPI = 116.9 (to 1 decimal place)

Inflation =<u>Current year basket cost - Base year basket cost</u>    * 100

                                    Base year basket cost

Inflation = <u>90-77</u>  * 100

                   77

Inflation = 16.88

Inflation = 16.9% ( to 1 decimal place)

7 0
3 years ago
Other questions:
  • A financial analyst for Simon Manufacturing prepared the following​ report:
    7·1 answer
  • Manufacturers realize that their clothes might be soiled when people are trying them on in the stores; therefore it's not necess
    7·2 answers
  • What's the future value of a 12%, 5-year ordinary annuity that pays $800 each year? Round your answer to the nearest cent. $ If
    6·1 answer
  • Read the spreadsheet formula below, then answer the question.
    14·1 answer
  • A stock is selling today for $40 per share. At the end of the year, it pays a dividend of $2 per share and sells for $44. a. Wha
    11·1 answer
  • Fiona deposits $2,000 into a savings account. If the Fed requires a 20 percent reserve ratio, how much of Fiona’s money can the
    12·1 answer
  • Problem 1, The following data pertain to a single department for the month of October for ABC Company.
    11·1 answer
  • Today, you borrowed $12,200 on your credit card to purchase some furniture. The interest rate is 16.8 percent, compounded monthl
    13·1 answer
  • On April 1, 2021, Shoemaker Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules,
    13·1 answer
  • Insolvency occurs when liabilities far exceed available assets.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!