UIC estimates that the in-state student demand for undergraduate education is Q subscript i n minus s t a t e end subscript equals 10 comma 000 space minus space 2 P, and out-of-state student demand is Q subscript o u t minus o f minus s t a t e end subscript equals 30 comma 000 space minus space P. The total market demand facing UIC will be a:
A. Straight line with a slope of - 1.5
B. Straight line with a slope of - 1.0
C. Kinked line with the kink at Q=5,000
D. Kinked line with the kink at P=5,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “UIC estimates that the in-state student demand for undergraduate education is Q subscript i n minus s t a t e end subscript equals 10 comma ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A management that wanted to increase the financial leverage of its firm would: raise additional capital by selling fixed interest rate long-term bonds. raise additional capital by selling common stock.
Answers (1)
Correspondence in the business world is always confidential. true or false
Answers (1)
Larkspur Distributors, Inc. had net sales in 2017 of $2,300,000. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $320,000 debit, and Allowance for Doubtful Accounts $1,500 debit.
Answers (1)
The term political economy is used to stress the fact that the political, economic, and legal systems of a country are independent of each other. True or False True False
Answers (1)
The Illinois Central Railroad once asked the Illinois Commerce Commission for permission to increase its commuter rates by 20 percent. The railroad argued that declining revenues made this rate increase essential.
Answers (1)
New Questions in Business
Sam's business will cost $49,500 to set up and run for the first year. Sam then expects an annual operational expense total of $30,500.
Answers (1)
Hemming saw an advertisement for a Cadillac convertible once owned by the famous early rock 'n' roll singer Elvis Presley. He contracted to buy it from Whitney for $350,000 and sent Whitney $10,000 as a deposit.
Answers (1)
In a comparative market analysis, the subject property has 2 bedrooms, 2 baths, a 1/2 acre lot and a swimming pool. A $115,000 comparable has 2 bedrooms, 1 bathroom, no pool, a 1/2 acre lot, and a screened porch.
Answers (1)
Determine the present value of the following single amounts (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor (s) from the tables provided.) : Future Amount i = n = Present Value 1. $21000 6% 12 2.
Answers (1)
Yakov is skilled at making both bracelets and necklaces. Yakov has no preference between making bracelets or necklaces since he earns the same amount from the two activities.
Answers (1)