Get Smart University is contemplating an increase in tuition to enhance revenue. If GSU feels that raising tuition would enhance revenue, it is
a. ignoring the law of demand.
b. assuming that the demand for university education is elastic.
c. assuming that the demand for university education is inelastic.
d. assuming that the supply of university education is elastic.
c
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For firms, dividends are not deductible. They are, however, taxed preferentially at the individual level.
A. True B. False C. Uncertain
The marginal product of labor measures: a. the total amount of output produced by all workers combined
b. the quantity of an intermediate product that is combined with labor to produce output. c. the amount of output an additional worker contributes to a firm's total output. d. the average productivity of workers hired by a firm.
If incomes decrease in the United States, Americans will buy more goods, including foreign goods. This increase in demand for foreign goods will cause an increase in the demand for euros
a. True b. False Indicate whether the statement is true or false
Which of the following would cause the demand for labor to change?
a. changes in the supply curve of labor b. changes in the workers' opportunity costs c. changes in the wage rate d. movements along the demand curve for labor e. changes in the price of the good