Answer:
B. increase tuition in order to increase revenue
Explanation:
Price elasticity of demand is a concept that seeks to measure the sensitivity of demand to the price of a good or service. Thus, if demand is elastic, it means that even small variations in price have a strong impact on demand. Conversely, if demand is inelastic, variations in the price of the good will not greatly affect demand, meaning consumers will continue to demand that particular good or service. The calculation of the price elasticity of demand consists in the division between the variation of the quantity demanded by the variation in the price practiced. If the result is greater than 1, demand is considered elastic (price sensitive). Conversely, if elasticity is less than 1, demand is considered inelastic (little price sensitive). If elasticity equals one, then the change in demand is exactly the same as the price change.
In the case of this faculty, the demand for courses is 0,91, so it's less than 1, therefore inelastic demand. This way, the college can maximize its revenue by increasing the tuition fee.
Answer:
It brings people of different ethnic backgrounds together under a common faith. It demonstrates sacrifice and dedication to one’s faith.
It brings people of diverse economic backgrounds together under a common faith.
Hajj is the 5th Pillar of Islam which requires Muslims to pilgrimage to Mecca during the last month of the year at least once in their lifetime. This pilgrimage requires all Muslims despite country of origin, economic status, ethnicity, and race to come together in prayer and reflection. Hajj unites Muslims through religion.
Answer:
C. The magazine has an interest in the survey results, so the source of the survey is questionable.
Explanation:
What is wrong is that <em>the magazine has an interest in the survey results, so the source of the survey is questionable</em>. The magazine is not a reliable source because it is biased. When the source is questionable, the survey results are under suspicion. There is a lack of transparency so the results are not credible. The survey is unreliable.
<u>Full question:</u>
People scoring high on the ________ dimension of the Big Five model are more likely to be socially dominant, "take charge" people than those who score low.
A) agreeableness
B) conscientiousness
C) openness
D) extraversion
E) emotional stability
<u>Answer:</u>
People scoring high on the extraversion dimension of the Big Five model are more likely to be socially dominant, "take charge" people than those who score low.
<u>Explanation:</u>
Extraverts lead to be more satisfied in their careers and their lives as a mass. They encounter added positive passions and they more easily formulate these attitudes. They also perform to achieve better in responsibilities that need vital interpersonal cooperation.
Ultimately, extraversion is a comparatively powerful predictor of administration evolution in organizations; extraverts are more humanly authoritative, "take charge" kinds of characters, and they are commonly more aggressive than introverts. One downside of extraversion is that extraverts are more unpredictable than introverts
