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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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Your grandmother has been putting $1,000 into a savings account on every birthday since your first (that is, when you turned one
lukranit [14]

Answer:

The amount in the account on the  18th birthday = $ 25,645.41

Explanation:

<em>The investment can be described as an ordinary annuity. An ordinary annuity is a series of equal periodic cash flows that  occur for a certain number of years</em>

<em>The amount the invest will accrue principal plus interest is known as the f</em><u><em>uture value</em></u><em> of the annuity</em>

It is determined as follows:

<em>FV = A ×  ( (1+r)^n -1  ) / r</em>

FV - ?,  A = 1000.  r - 4%- 0.04, n - 18

FV = 1,000× ( ( (1.04)^(18) - 1 )/ 0.04

    = 1,000 ×  25.64541288

    = $ 25,645.41

The amount in the account on the  18th birthday = $ 25,645.41

5 0
3 years ago
Which of the following is a pair of events which are mutually exclusive?
Lemur [1.5K]

Answer:

C. Sleeping in late and waking up early.

Explanation:

Two or more events are said to be mutually exclusive if and only if they can't happen at the same time.

Going with the above brief analysis, we.can easily say which of the pair of events is not mutually exclusive.

1. Rolling a 4 on a six-sided die and on a four-sided die

It's 100% possible to have an outcome of 4 when a 4 sided die and when a 6 sided die are rolled, whether at the same time or on different occasions. So, this pair of events are not mutually exclusive

2. Making rice and making corn

This pair of events are not mutually exclusive because it's possible to make rice and corn at the same time either together as a meal or separately using different cooking utensils

3. Sleeping in late and waking up early

This pair of events are mutually exclusive. This is so because literally, it's not possible to sleep late and wake up early at the same time.

You sleep early to wake early and you sleep late to wake late.

4. Going to work and riding the bus.

This pair of events are not mutually exclusive because they can occur at the same time when you go to work a bus.

So, option C is the correct answer

4 0
3 years ago
Suppose a large apartment complex is infested with cockroaches that have never been exposed to glucose-baited poison. a new tena
lord [1]
<span>The success of the glucose-averse cockroaches in their new environment depends on the future use of glucose-baited poison in the apartment. If glucose-baited poison is not used, it is likely that the resident cockroaches will outcompete the new cockroaches, as the resident cockroaches will not exclude glucose-containing foods from their diet. However, the use of glucose-containing poison in the apartment will provide the new cockroaches a distinct selective advantage, as they will survive to reproduce, whereas the majority of the resident cockroaches will die.</span>
7 0
3 years ago
A decrease in the supply of money with no change in demand for money will lead to a(n) _____ in the equilibrium quantity of mone
Vika [28.1K]

Answer:

a decrease; an increase

5 0
3 years ago
Assume the following information. You have $1,000,000 to invest. Current spot rate of pound = $1.30 90-day forward rate of pound
Softa [21]

Answer:

$ 1,024,000

Explanation:

Spot Rate : 1 Pound = $ 1.30

3 Months Forward Rate = $ 1.28

3 Months Deposit rate in US = 2.25%

3 Months Deposit rate in Great Britain = 4%

Total Amount of Investment = $ 1,000,000.

Step 1:

Convert $ 1,000,000 into Pounds using Spot rate (i.e., 1 Pound = $ 1.30).

We will get,

= $1000,000 ÷ 1.30

= 769230.76923 Pounds.

Step 2:

Invest 769230.76923 Pounds in great Britain for 3 months at an interest rate of 4%.

Therefore, we have an interest of 30769.23076 Pounds.

Hence, the total realizable value after 3 months:

=  769230.76923 + 30769.23076

= 800,000 Pounds  

Step 3:

Convert 800,000 Pounds into Dollars using Forward rate (i.e., 1 Pound = $ 1.28).

Therefore, the total amount in Dollars:

= 800,000 Pounds × $ 1.28

= $ 1,024,000

4 0
3 years ago
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