Business, 25.11.2019 20:31 juliannabartra

Astudy of about 1,800 u. s. colleges and universities resulted in the demand equation q = 9,800 − 2p, where q is the enrollment at a college or university, and p is the average annual tuition (plus fees) it charges. (a) the study also found that the average tuition charged by universities and colleges was $2,800. what is the corresponding price elasticity of demand? (round your answers to two decimal places.) is the price elastic or inelastic? elastic inelastic should colleges charge more or less on average to maximize revenue? more less (b) based on the study, what would you advise a college to charge its students in order to maximize total revenue? $ per student what would the revenue be? $

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:40

Forecasting as a first step in the team’s decision making, it wants to forecast quarterly demand for each of the two types of containers for years 6 to 8. based on historical trends, demand is expected to continue to grow until year 8, after which it is expected to plateau. julie must select the appropriate forecasting method and estimate the likely forecast error. which method should she choose? why? using the method selected, forecast demand for years 6 to 8.

Answers: 2

Answer

Business, 22.06.2019 20:00

Describe a real or made-up but possible example of a situation where an employee faces a conflict of interest. explain at least two things the company could do to make sure the employee won't be tempted into unethical behavior by that conflict of interest. (3.0 points)

Answers: 3

Answer

Business, 23.06.2019 01:30

Bmw receives data transmitted by each new vehicle it sells to employees understand how customers use the products and when service may be needed. this use of technology aids in bmw's efforts to interact in an ongoing basis with its customers.

Answers: 1

Answer

Business, 23.06.2019 02:40

Suppose that a government that is skeptical of efforts to regulate prices charged by private companies is nevertheless concerned that an electric utility company is taking advantage of consumers with unfair pricing policies. which of the following policy options might most effectively enable the government to achieve its objectives in this situation? do nothing to all. turn the company into a public enterprise. use antitrust laws to increase competition. regulate the firm's pricing behavior.

Answers: 3

Answer

You know the right answer?

Astudy of about 1,800 u. s. colleges and universities resulted in the demand equation q = 9,800 − 2p...

Questions