Economics

Gm545 Parita patel [d01322497] 1A) PKGSM = Price of our product or service has (-). It has inverse equivalent heed. PUOP= Represents cost of substitute product (+). It has direct relationship management. if impairment of substitute goes up than gather up for our product rise. NL = bet of Keller placement in Illinois county has (+) direct relationship. TR = Tuition reimbursement given by companies in Illinois counties has ambiguous relationship with measure holded it is uncertain. It depends on the companies how much fees it gives to it employee possess particular education UD = It has (+) direct relationship management it depend on soma of people with undergraduate grad living in Kane, Cook, Lake and Du page. 1B) A student taking their utmost course has to a greater extent likely to bring in inelastic get hold of. In inelastic demand price maturation or decrease does not incline to fall or rise in demand. 2) Cross c atch Measures must be use to measure this impact. Theatre and air TV companies ar substitute. it has negative impact Decrease in price of area shred testament increase its demand and decrease demand for cable TV pay per view. 3) story is true. If price is little than average variable cost at profit take aim of output.

It make sense to temporarily turf out coldcock loss is minimizes by paying fixed cost. operate at losses will exceed fixed cost. 4) If enrollment of student decrease than demand for quantity of apartment will as well decreases will lead to decrease in mesh of price. thither will be new e quilibrium with confused quantity demanded ! and low price 5) Characteristics of airline in price discrimination. a. feed capacity to various booking classes which sell for different prices. b. ticket restriction by advance purchasing within event of days or cancellation penalty. c. Early bird discounts those who book in advance get lower prices. d. Price difference in the midst of different group of customer like business rider and...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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