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GarryVolchara [31]
3 years ago
15

15 points and ill award brainliest to the right answer.

Business
2 answers:
slamgirl [31]3 years ago
8 0
<span>A public in-state college charges less for in-state tuition than for out-of-state tuition.
</span>Tara will most likely have to pay room and board expenses at an out-of-state public college, but might be able to commute to a public college in state.
german3 years ago
5 0

The answer is:

A public in-state college charges less for in-state tuition than for out-of-state tuition.

Tara will most likely have to pay room and board expenses at an out-of-state public college, but might be able to commute to a public college in state.

The different of cost could be twice as much. On average, average tuition for out of state students is around  $ 15,742 while the average tuition of in state students is round $ 8,900.

If Tara felt that the out of state school is better, she would had to choose whether to rent  a place or to commute. Typically commuting is cheaper than renting a place. But on the downside, commuting would take more time and energy.

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Explanation: the substitution effect for substitute goods gives that, if the price of good A rises, the demand for good B rises. Since a substitute good is a good that can be used in place of another, they are goods that a consumer perceives as similar or are comparable, in such a way that having more of one good causes the consumer to desire less of the other good. From the viewpoint of price, and given that consumers always prefer to spend less in instances where two goods are substitutes, it then means that Kindle can be used and preferred in place of Nooks given that the price of Nooks had gone up. Therefore, increasing the price of Nooks causes a corresponding increase in the demand for Kindles.

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3 years ago
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katen-ka-za [31]

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3 years ago
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notsponge [240]

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