### Think about the demand for college education

##### Reference no: EM13830826

Take a minute to think about the demand for college education and whether or not the costs of attending college (not just tuition, but also some of the opportunity costs associated with attendance) influences the number of students who attend college. Now tell me whether or not you think college education is elastic or inelastic with regard to the price, and back up your answer with an explanation as to why you believe what you do. There are no "right" or "wrong" answers to this, but I am interested in your thought process, and this will be graded solely on content.

##### Reference no: EM13830826

Discussion Prompt 1. Answer the following questions in your initial thread. Based on unit lessons and readings, describe some policies that have been proposed to deal with cli

#### Construction firms will submit sealed bids

A town wants to build a new bridge. Construction firms will submit sealed bids. The town will award the contract to the firm that submits the lowest bid and will pay the firm

#### Find the profit from operation the shop at sales level

A small tie shop finds that at a sales level of x ties per day its marginal profit is MP(x) dollars per tie, where MP(x) = 1.35+0.04x-0.0021x2. Also, the shop will lose \$65 pe

#### Difference between accounting profit-economic profit

Why do restaurants shut down at a certain hour of the day, say 10:00 p.m? Why do movie theatres still show movies that have just a handful of movie watchers? What is the diffe

#### What are the fiscal policy tools available to the government

What is fiscal policy? What are the fiscal policy tools available to the government? Explain and show graphically the impact of fiscal policy on equilibrium real income and in

#### What is the average total cost

Suppose your business is currently employing 750 workers, the only variable input, at a wage rate of \$48. The average product of labor is 96, the last worker added 6 units to

#### Unique selling proposition

Briefly describe two (2) products (goods or services) offered at a business you are familiar with. Next, identify two major competitors and describe the two products they offe

#### The types of variables used and the scales of measurement

Using the SPSS Output from Case Exhibit 22.1-1 on page 551 of your textbook, comment on the appropriateness of the statistical test used (make sure that your response includes