This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A recent study at a liberal arts college concluded that demand elasticity is 0.91 for college ... (Read 102 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
A recent study at a liberal arts college concluded that demand elasticity is 0.91 for college courses. The administration is considering 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's budget by increasing revenue.
  d. decrease tuition because demand for courses is elastic.

Question 2

If a bank gets a 100,000 new deposit, chooses to lend out 75,000, and increases its excess reserves by 5,000 at the same time, then the reserve requirement is:
 a. 30.
 b. 25.
 c. 20.
 d. unable to be determined from the information given.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katara

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


swpotter12

  • Member
  • Posts: 527
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

ESM Study of Time Spent with Family ESM Study of Time Spent with Family
In The Gross Clinic (1875), by Thomas Eakins, Professor Samuel Gross’s team of surgeons cuts through In The Gross Clinic (1875), by Thomas Eakins, Professor Samuel Gross’s team of surgeons cuts through
Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
Everytime Im trying to study Check Me! Check Me! Everytime Im trying to study Check Me! Check Me!
Baltimore Longitudinal Study of Aging Baltimore Longitudinal Study of Aging
College and university attendance is associated with developmental advances College and university attendance is associated with developmental advances
Video: SNP Polymorphysim Microarray Chip - How to Test a Person's DNA

For a complete list of videos, visit our video library