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
zzz [600]
3 years ago
10

A college raises its annual tuition by​ 25%, and its student enrollment falls by​ 3.5%. Compute the price elasticity of demand.

Is demand elastic or​ inelastic? Will TR​ increase, decrease, or remain the​ same? ED​ = nothing ​(round at 2 decimal​ places). What are the units for​ elasticity? A. ​$ B. qty C. elasticity does not have a​ unit; it is just a number D. ​%
Business
1 answer:
Diano4ka-milaya [45]3 years ago
6 0

Answer:

Elasticity does not have a unit because it is a pure number

Demand is Elastic

TR decrease due to the demand been elastic. a rise in tuition fee causes the total revenue to decrease

Explanation:

Tuition fees increment  by 25%

Student enrollment decreases by 3.5%

Price elasticity of demand=%change in quantity demanded / %change in price

                                            =  -3.5/ 2.5

                                             = -1.40

You might be interested in
Within the relevant range, fixed costs ______. per unit become progressively larger as the level of activity increases remain co
erma4kov [3.2K]

Answer:

The correct option is;

Remain constant in total regardless of changes in activity

Explanation:

In the field of Economics, fixed costs are costs that remain the same or does not undergo change when the quantity of produced goods or rendered service increases or decreases. Fixed cost are not dependent on the fluctuations in the level of produced goods and/or service.

Fixed cost are cost that are charged based on the duration of use of the facility, such as the rent paid for the factory premises.

Therefore, we have; within the relevant range, fixed costs <u>remain constant in total regardless of changes in activity</u>

3 0
3 years ago
6) On June 4rd Chandler &amp; Monica Grocery Store collected sales of $5,000 and sales taxes of $200. What is the journal entry
Mademuasel [1]

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $5,200

     To Sales revenue A/c $5,000

      To Sales tax payable A/c $200

(Being the cash is collected in respect of sales and sales tax)

Since the cash is collected so we debited the cash accounts and the sale is made. Along with it, the sale tax is also collected so these two accounts are credited.

6 0
4 years ago
Vroom Vacuums sells the Tornado vacuum cleaner. Each Tornado has a one-year warranty that covers any product defects. When custo
Alik [6]

Answer:

1. The obligation to transfer the vacuum cleaner in lieu of the price.

2. To honour one year warranty for any product defect that is part of the purchase contract and an inherent obligation.

Explanation:

The contract for purchase of a vacuum cleaner has two performance obligations;

1. The obligation to transfer the vacuum cleaner in lieu of the price.

2. To honour one year warranty for any product defect that is part of the purchase contract and an inherent obligation.

it may be noted that the extended warranty is a separate performance obligation as it can be purchased at the same time of original purchase or later and separate consideration is payable for that and there is no direct co-relation of the extended warranty obligation with the initial purchase.

5 0
3 years ago
Abc airlines hires flight attendants from diverse backgrounds and puts them through an extensive training and orientation progra
zysi [14]

Abc airlines is adopting an <u>"assimilate"</u> option for managing diversity.


The idea of diversity includes acknowledgment and regard. It implies understanding that every individual is one of a kind, furthermore, perceiving our individual contrasts. These can be along the measurements of race, ethnicity, sex, sexual introduction, financial status, age, physical capacities, religious convictions, political convictions, or different philosophies. It is the investigation of these distinctions in a sheltered, positive, and supporting condition. It is tied in with seeing each other and moving past straightforward resistance to grasping and praising the rich measurements of assorted variety contained inside every person.

6 0
3 years ago
joachim is a financial analyst at a local housewares manufacturer. he knows that saving for college for his 5-year-old twin boys
Slav-nsk [51]

Joachim is a financial analyst at a local housewares manufacturer. he knows that saving for college for his 5-year-old twin boys is important but also challenging. he was excited to learn that his employer planned to implement a college tuition plan that lets parents and other family members defer taxes on their contributions to the plan. The type of plan being implemented is a 529 savings plan.

The manufacturing characteristic is on the whole accountable for enforcing and operating the production device to be able to produce the product. production might also consist of buying, distribution, and setting up as well as the physical manufacture of the thing.

Production is subject to the united states as it presents high-wage jobs, industrial innovation (the country's biggest supply), a key to change deficit discount, and disproportionately massive contribution to environmental sustainability.

There are four simple manufacturing procedures for producing favored. form of a product. these are casting, machining, becoming a member of (welding, mechanical fasteners, epoxy, and so forth.), and deformation strategies.

Learn more about the manufacturer here brainly.com/question/1637875

#SPJ4

6 0
2 years ago
Other questions:
  • Affiliate marketing is _____.
    5·2 answers
  • Factors that affect the elasticity of demand for labor include all of these except:
    14·1 answer
  • Henry is demonstrating his gross motor skills when he picks up cheerios from his high-chair tray.
    12·1 answer
  • The adjusted trial balance of Pacific Scientific Corporation on December 31, 2018, the end of the company’s fiscal year, contain
    12·1 answer
  • Cassy Budd Company has a defined benefit pension plan. At the end of the reporting year, the following data were available: begi
    8·2 answers
  • On May 31, 20X1, the Arlene Corporation adopted a plan to sell its cosmetics line of business, considered a component of the ent
    10·1 answer
  • _____ remain constant regardless of how many products are sold
    15·1 answer
  • . For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model is 200 units, and the total annual in
    7·1 answer
  • As the marketing manager, you know the product (s) has to be right. The PC industry is competitive, lifecycles are short, and th
    15·1 answer
  • All counties in Texas have the same basic structure, as dictated by law, with little localized variation. Critics take issue wit
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!