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MAXImum [283]
3 years ago
10

A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 7 percent decrease in the

enrollment. If the university wants to increase its total revanue it should tuition because the demand for education at this university is ______________.
Business
1 answer:
enyata [817]3 years ago
6 0

Answer:

Option A

Explanation:

Complete Question

A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 12

percent decreases in the enrollment. If the university wants to increase its total revenue, it should ________

tuition because the demand for education at this university is ________.

A) not raise; elastic   B) raise; inelastic   C) not raise; inelastic   D) raise; elastic

Solution -

The demand for college in the market is elastic which means that variation in variables such as college fees deeply impact the demand. If college fees is increased, the intakes or enrollment will fall down which means that the demand is not stable or on the basis of quality. Therefore, the demand for the college will not rise on fees hike and it shall be an elastic demand.

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In the​ past, Peter​ Kelle's tire dealership in Baton Rouge sold an average of 1 comma 000 radials each year. In the past 2​ yea
Lina20 [59]

Answer:

Explanation:

For computing the demand for each sale, first we have to compute the average sale for each season which is show below:

Average sale in fall = (240 + 260) ÷ 2 = 250

Average sale in winter = (340 + 300)  ÷ 2 = 320

Average sale in spring = (140 + 160)  ÷ 2 = 150

Average sale in summer = (320 + 240) ÷ 2 = 280

Demand for next fall = (250  ÷ 1,000) × 1,200 = 300

Demand for next winter = (320  ÷ 1,000) × 1,200 = 384

Demand for next spring = (150  ÷ 1,000) × 1,200 = 180

Demand for next summer = 1,200 - (300+384+180) = 336

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3 years ago
Ms. Marilynn Castillo is a marketing manager at Gordon Corp. She debates whether or not to conduct a marketing research study be
Ipatiy [6.2K]

Answer:

The correct answer is letter "B": cost-benefit assessment.

Explanation:

Cost-benefit assessment implies analyzing what the costs and benefits of engaging in business are. The approach aims to minimize losses and maximize benefits. It does not necessarily imply there are not going to be losses during the business cycle but could reduce them as much as possible.

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3 years ago
An applicant should always print their résumé on paper that is _____.
vaieri [72.5K]
The answer is b) white or light colored
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One of the basic premises in finance is that when the risk of an investment is high, the rate of return required by the investor
Aleks04 [339]

Answer:

A. High

Explanation:

When an investment is considered risky, investors would demand a high rate of return as compensation for holding a risky investment.

The required rate of return is usually higher than the short term t bills rate.

I hope my answer helps you.

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Rasek [7]

Answer:

C. Identify Requirements

Explanation:

Individuals who are assigned the responsibility of resource management should first of all identify resource requirements.

Identification of requirements relates to the quantum of resources required, the place where they are required and the recipient of those resources.

Resource needs and requirements change from time to time as per the situation. Resource requirements mean the quantity and the kind of resources that would be required for completion of a project.

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