Based on the fact that the demand elasticity is 0.91, the revenue-maximizing decision would be to d. increase tuition, which would generate more revenue.
<h3>Why is this the revenue-maximizing decision?</h3>
When the demand elasticity is below 1 as is the case here, it means that demand is inelastic.
When demand is inelastic, an increase in price will lead to a lower decrease in demand. This means that increasing prices for enrollment in this college will bring in revenue because there won't be much change in demand.
In conclusion, option D is correct.
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Answer:
Standardized
Explanation:
Firms that are purely competitive provide a standardised (same or homogenous) product. Consumers will be unconcerned about whose vendor they acquire the goods from as long as the pricing is the same.
Monopolistically competitive companies make a typical profit in the long run since entrance into the market is easy. The sort of goods supplied distinguishes oligopoly from perfect competition.
The total different ways are 65536.
How many ways can you buy 8 fruit?
8 choices from 4 options with repetition, so the number of ways is (8+4 − 1 4 − 1 ) = (11 3 ) = 165.
<h3>What is the rule of permutation and combination?</h3>
If the order doesn't matter then we have a combination, if the order do matter then we have a permutation.
One could say that a permutation is an ordered combination.
The number of permutations of n objects taken r at a time is determined by the following formula: P(n,r)=n!.
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2. prepare a type of business report called a spending report.