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user100 [1]
1 year ago
14

As the price of tuition rises from $15000 to $20000, the price elasticity of demand for tuition for out-of-state applicants is _

____ elastic than it is for in-state applicants.
Business
2 answers:
Andrew [12]1 year ago
8 0

Answer:

More elastic.

Explanation:

When the tuition amount increases, the out of state applicants will opt to study in their country or another country where the tuition fee is lower, most of in state applicants will have to pay the upward fees.

Over [174]1 year ago
4 0

<u>Answer:</u>

<em>As the </em><em>price of tuition</em><em> rises from </em><em>$15000 to $20000,</em><em> the price elasticity of demand for tuition for out-of-state </em><u><em>applicants is less elastic</em></u><em> than it is for in-state applicants.</em>

<u>Explanation:</u>

The 'Law Of Demand' expresses that, every single other factor being equivalent, as the cost of a decent or administration expands, buyer interest for the great or administration will diminish, and the other way around.

Request flexibility is a proportion of how much the amount requested will change if another factor changes.

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U.S. Products operates two divisions with the following sales and expense information for the month of July: East Division: Sale
Zarrin [17]

Answer:

Explanation:

East division segment margin = Contribution margin - Direct fixed expense

Contribution margin = $240,000*35% = $84,000

Direct fixed expenses = $48,000

So segment margin is  84,000 - 48000   = $36000

Answer is option A

3 0
1 year ago
As a new salesperson for a textbook publisher, Kylie is creating a list of professors that decide what texts their schools use.
spayn [35]

Answer: Option D

Explanation: Prospecting is the first step in a selling process. Under this the sales person identifies the potential customers and communicate with them to covert them into current customers.

Similarly, qualifying refers to analyzing the characteristics of a lead to determine if it qualifies as a prospect.

Hence from the above we can conclude that Kylie is performing the function of prospecting and qualifying.

4 0
2 years ago
La) State clearly 1 consumer need which is met by "Canadian Living" magazine. Be careful to remember that needs are "states of d
ella [17]

Answer:

<u>Need to perform everyday tasks like cooking.</u>

Explanation:

For example, Canadian Living magazines has a record of often publishing articles related to new cooking recipes that are cheap and affordable.

Many consumers often need information that can help that can assist them in cooking nutritional foods at the best price possible.

7 0
1 year ago
A fleet repair facility has the capacity to repair 800 trucks per month. However, due to scheduled maintenance of their equipmen
Svetlanka [38]

Answer:

Efficiency of the repair shop is 66.67%

Explanation:

Efficiency is the ability to avoid the available resources such as workforce, time, money, material etc. The maximum output in the available resources is efficiency.

Total Capacity of repair fleet = 800 trucks

Effective Capacity of repair fleet = 600 trucks

Actual Output = 400 trucks

Trucks Utilization = Actual Output / Total Capacity = (400 / 800) x 100 = 50%

Efficiency = Actual output / Effective Capacity = (400 / 600) x 100 = 66.7%

7 0
1 year ago
Halverstein Company's outstanding stock consists of 8,050 shares of cumulative 5% preferred stock with a $10 par value and 3,450
Licemer1 [7]

Answer:

$6,900 to preference shareholders

Explanation:

The computation of the amount of dividends paid to preferred and common shareholders in Year 2 is shown below:

The Preference dividend is

= 8,050 shares × $10 × 5%

= $4,025

And, since the preference dividend is cumulative plus the in year 1 there is no dividend paid and in year 2 the dividend amount given is $6,900

But the total value is

= $4,025 + $4,025

= $8,050

So the total amount i.e $6,900 is paid to preferred shareholders only

3 0
1 year ago
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