Business, 20.12.2019 03:31 harleymustangs4992

Astudy of about 1,800 u. s. colleges and universities resulted in the demand equation q = 9,600 − 2.4p, 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 $2,900. 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? (b) based on the study, what would you advise a college to charge its students in order to maximize total revenue?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 06:00

Josie just bought her first fish tank a 36 -gallon glass aquarium, which she’s been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase

Answers: 1

Answer

Business, 22.06.2019 10:30

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.

Answers: 1

Answer

Business, 22.06.2019 11:40

Select the correct answer. which is a benefit of planning for your future career? a.being less prepared after high school. b.having higher tuition in college. c.earning college credits in high school. d.ruining your chances of having a successful career.

Answers: 2

Answer

Business, 22.06.2019 13:40

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.

Answers: 2

Answer

You know the right answer?

Astudy of about 1,800 u. s. colleges and universities resulted in the demand equation q = 9,600 − 2....

Questions