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Raise or Lower Tuition? Suppose that, in an attempt to raise more revenue, Nobody State University increases its tuition. Assess a raise in tuition and if it will necessarily result in more revenue.
Describe the conditions under which revenue will (a) rise, (b) fall, or (c) remain the same.
Explain the process of revenue at NSU, focusing on the relationship between the increased revenue from students enrolling at NSU despite the higher tuition and the lost revenue from possible lower enrollment. If the true price elasticity were (-1.2), discuss what you would suggest the university do to expand revenue.
Using what you have learned in this course, explain how you would resolve this problem if you were the President of NSU.
Cinema Theater has estimated the following demand functions for its movies: Daytime demand, QD = 400 - 50 PD Nighttime demand, QN = 200 - 20 PN The marginal cost of serving another customer is $5 and its fixed costs are $100.
The south african government is not providing enough welfare to the poor
During that summer, he charged $1.69 each gallon for unleaded gas during daytime & $2.59 each gallon at night,
Given that Y=900 and want consumption and investment are given through, Fill the entries as you require to answer the questions.
At the end of the year, you discover that the catch was low and that fish prices had increased to $5.00 per pound, but fruit prices stayed at $1.50 and meat prices had actually fallen to $2.00.
It is supposed that the liquid soap market is perfectly competitive and current price of a case of liquid soap is $42.00. The firm has estimated it's marginal cost function to be as follows: MC=0.006Q.
Find out the total revenue (TR) and total profits in terms of Q. At what level of output (Q) are total profits maximized? What price will be charged? What are total profits at this output level?
Compute the profit at the end of each year if the hospital continues to use the traditional method for surgical operations and compute the profit at the end of each year if the hospital uses a Robotic Surgery Machine for surgical operations.
If Appe were to build a balanced, scorecard, what two objectives do you think should be included in the learning and growth perspective?
Your supervisor has asked you to compute the elasticities for each independent variable - Compute the elasticities for each independent variable.
Should the organization or industry continue, develop, or decrease current operations in order to maximize profits? Explain your answer.
What is an "oligopoly" and why do they exist? Mention three or four oligopolies whose products you own or regularly purchase.
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