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Author Question: If the university administration plans to cut tuition charges in the hope of attracting more ... (Read 58 times)

soccerdreamer_17

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on: Jun 29, 2018
If the university administration plans to cut tuition charges in the hope of attracting more students and thereby increasing tuition revenues, we know
 
  A) they are assuming an elastic demand.
  B) they are assuming an inelastic demand.
  C) they cannot succeed because of the law of demand.
  D) they must be running in the red.
  E) they will only succeed if more students can be enrolled at no cost.

Question 2

Under earnings-sharing regulation, if a firm's profits ________ above a certain level, they must be shared with the firm's ________.
 
  A) rise; customers
  B) fall; customers
  C) rise; suppliers
  D) fall; suppliers
  E) rise; competitors


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qytan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


soccerdreamer_17

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

nathang24

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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