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Nonamiya [84]
2 years ago
12

A recent study at a liberal arts college concluded that demand elasticity is 0.91 for college courses. The administration is con

sidering a tuition increase to help balance the budget. An economist might advise the school to: A. decrease tuition in order to increase revenue by boosting enrollment B. increase tuition in order to increase revenue C. leave tuition unchanged as a change in tuition is unlikely to enhance the school budget by increasing revenue D. decrease tuition because demand for courses is elastic
Social Studies
1 answer:
Anarel [89]2 years ago
7 0

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.

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Explanation:

The best thing to do in this problem is to tell him that even though his method works, there is a better method.

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You conclude that Carla is a naturally anxious woman. You ignore the fact that Carla is currently working on a tight-deadline pr
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Answer: The fundamental Attribution

Explanation:

The fundamental attribution error which is also referred to as overattribution bias which occurs when we tend to focus more on personality based descriptions and under emphasize the explanations of situations that surround them.

When people do particular things or react certain way to situations we tend to focus on the kind or type of people they are and attribute those actions to their personality trait and forget about the environment that surround them and the impact if can exert on them

Like the attribution that Carla is an anxious woman whilst not taking note of her hectic schedule that is brought by her tight deadline project which is putting pressure on her to be anxious not because she is anxious woman.

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B, C, D

Explanation:

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Jennette scored very low on a measure of extraversion contained on a personality inventory she took in her psychology class. Acc
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The best answer is c).

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According to the Big Five personality traits, someone who scored very low in extraversion will show resistance to attend crowded places (they prefer solitude) and is unlikely to engage in small talks. Thus we can infer that Jennette is not really interested in the dance, and she will not attend. However, <u>if she does</u>, it will probably be due to peer pressure and might feel uncomfortable most of the time.

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Answer:

Rehearsal

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Rehearsal is simply the act of delibrately repeating information to yourself. It is usually to maintain it in short term memory. Saving informations in short-term memory are usually lost in less than 30 seconds unless you repeat them over and over.

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