Answer:
0.85
Explanation:
Given that
Dropped percentage of tuition and fees = 14%
Enrollment fall from 8,400 to 7,400
So, the cross elasticity between the two schools is
= Percentage change in quantity demanded of one good ÷ Percentage change in price of another good
where,
Percentage change in quantity demanded of one good equals to
= ($7,400 - $8,400) ÷ ($8,400)
= -11.9%
And, the percentage change in price of another good is -14%
So, the cross elasticity is
= -11.9% ÷ -14%
= 0.85
A master plan is devised for long-range goals
Answer: Please refer to Explanation
Explanation:
The Total Product of Labour curve is constructed by equating the quantity produced to labour. If every additional worker produces an additional unit of output then the Total product of labour curve will have a slope of 1 because every unit of labour leads to an additional unit of output.
Average Product will also be 1 because if each additional worker produces 1 extra then n workers is equal to n output. n divided by n will be one.
The Marginal Product of Labour is simply how much output is produced when an additional worker is added and the question already lists that as 1 so 1 is the answer.
I think it would be D.
Hope this helps
Answer:
1. Concept/Idea generation
2. Commercialization
Explanation:
The whole concept of idea generation is basically hinged on identifying and/or spotting a particular problem. The task here is how an apt individual will suggest solutions to the identified problem, while having in mind that people will pay for such. Thus, to be effective at this, individual must operate at an impressive level of product solving skills activities. Problem solving involves combination of critical thinking and evaluation tools and could take considerable timing and resources where necessary.
Commercialization is the procedure an entity undertake to market and/or sell a product to earn a price and ultimately profit. This represents the final phase of a development process. It also involves the combination of critical tools to ensure a successful outing. Various marketing mix /strategies could be adopted here. A critical appraisal could also be noted in a bid to detail the whole performance of the product in subsequent undertakings.
