Economics

Gm545 Parita patel [d01322497] 1A) PKGSM = Price of our product or service has (-). It has inverse akin(p) guidance. PUOP= Represents cost of substitute product (+). It has direct relationship management. if value of substitute goes up than gather up for our product rise. NL = count of Keller placement in Illinois county has (+) direct relationship. TR = Tuition reimbursement given by companies in Illinois counties has ambiguous relationship with measuring stick holded it is uncertain. It depends on the companies how more fees it gives to it employee possess particular education UD = It has (+) direct relationship management it depend on soma of people with undergraduate full stop living in Kane, Cook, Lake and Du page. 1B) A savant taking their final examination course has to a greater extent likely to thrust inelastic guide. In inelastic demand price make up or decrease does not incline to fall or rise in demand. 2) Cross catch Measures must be use to measure this impact. Theatre and air TV companies are substitute. it has negative impact Decrease in price of family tatter 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 wipe out 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. thithe r will be new equilibrium with confused qua! ntity demanded and low price 5) Characteristics of airline in price discrimination. a. confess capacity to various booking classes which sell for different prices. b. ticket restriction by advance purchasing within recite of days or cancellation penalty. c. Early bird discounts those who book in advance get lower prices. d. Price difference amidst different group of customer like business passenger and...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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