Refer to Figure 15-17. The faculty member who designed the course argues: "I think the course should be priced so that the maximum number of students enroll." How much profit (or loss) will the college make on the course if it charges this price
A) -$2,592,000
B) -$1,080,000
C) $0
D) $450,000
A
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"When the Fed buys securities from a bank, the quantity of money eventually decreases by a fraction of the initial change in the monetary base." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?
Technological spillover ________
A) is made possible by the nonrivalry of ideas B) generates an increase in both capital and labor C) is caused by population growth D) is caused by population decline
The fast-food industry is not considered perfectly competitive because
A. entry and exit are strictly regulated by the government. B. there is a very large number of firms. C. there is a small number of dominant firms. D. the firm's products are not homogeneous.
We consider ________ least likely to be a firm in an imperfectly competitive industry.
A. the only locally owned and operated television station in Portland, Oregon B. a corn farmer in Ohio C. Con Edison utility company D. a Starbucks in Houston, Texas