The demand for personal computers has been estimated to be Q = 500,000 – 700P + 200I – 500S. Assume that per capita income I is $13,000 and the average price of software S is $400.
When the price of personal computers is P = $3,000, the price elasticity of demand is:

Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.

Atrough in the business cycle occurs when

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?