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kirill115 [55]
3 years ago
14

A major state university in the South recently raised tuition by 12%. An economics professor at this university asked his studen

ts, Due to the increase in tuition, how many of you will transfer to another university? One student out of about 300 said that he or she would transfer. Based on this information, the price elasticity of demand for education at this university is:
A 1.B highly elastic.C 0.D highly inelastic.
Business
1 answer:
Nady [450]3 years ago
3 0

Answer:

Highly inelastic

Explanation:

Price elasticity of demand is a measure of the demand of a given service or commodity by utilizing it's price change. It can be calculated using the formula;

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

%change in quantity demanded=((Final demand-Initial demand)/Initial demand)×100

((299-300)/300)×100=-0.33%

%change in price=12%

12%>0.33%

The change in price is larger than the change in demand, therefor the product is highly inelastic

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A company's common stock shares are expected to bring a 13 % return to their investors in case of "recession" state of the econo
Ludmilka [50]

Answer:

The expected rate of return is 8.65%

Explanation:

The expected return on a stock can be calculated by multiplying the return in each scenario by the probability of that scenario. This will provide the expected value of the return based on all these scenarios. Thus, the rate of return is,

Rate of return = rA * pA + rB * pB + rC * pC

Where,

  • r represents the return in each scenario
  • p represents the probability of each scenario

The probability of normal state is = 1 - 0.45 - 0.05  =  0.5

Rate of return = 0.13 * 0.45 + 0.06 * 0.5  + (-0.04) * 0.05

Rate of return = 0.0865 or 8.65%

3 0
3 years ago
A single branch of Simpson Shoes has been operating since 1917. A new marketing team member suggested they look into Local Inven
fenix001 [56]

Answer: The correct option is:

In Google search from a device within 30 miles (48 km) of the Simpson Shoes location.

Explanation: When using Local Inventory ads, the ads will appear within 30 miles (48 km) of the organization.

Google will render the ad to people who are searching for the products and services that the organization has available in stock.

Therefore, Simpson Shoes Local Inventory ad will appear in Google search from any device within 30 miles (48 km) of the Simpson Shoes location.

3 0
3 years ago
Read 2 more answers
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Answer:

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8 0
3 years ago
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which three activities are part of the function of accounting? multiple select question. interpreting financial transactions pla
Elodia [21]

The three activities that are part of the function of accounting from the list of given options are:

  • 2. classifying financial transactions
  • 4. interpreting financial transactions
  • 5. recording financial transactions

<h3>What is Accounting?</h3>

This refers to the term that is used to describe the process of recording financial transactions and also classifying them into proper categories for record purposes.

Hence, it can be seen that from the list of answer choices, when it comes to the area of accounting, three core functions from the list are given above and one of them is classifying financial transactions

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6 0
1 year ago
The time value of money refers to the issue of:
uysha [10]

Answer:

D. what the value of the stream of future cash flows is today

Explanation:

The times' value of money derives that today value or we can say the present value is more than the value earned at the future or future value because of the earning capacity due to inflation. As inflation rises, consumer spending become less as compare to before

Just take an example

If you invest $1,000 today that earns the interest rate at 10% for one year

So, the present value = $1,000

And, the future value = $1,000 × 1.1 = $1,100

So, today value is becoming more worth than the future value  

The formula to compute the future value is shown below:

Future value = Present value × (1 + interest rate)^number of years

Note: The yoda is actually today. It is given wrong

7 0
4 years ago
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