Economics

Gm545 Parita patel [d01322497] 1A) PKGSM = Price of our product or service has (-). It has inverse akin(predicate) management. PUOP= Represents cost of substitute product (+). It has direct relationship management. if equipment casualty of substitute goes up than gather up for our product rise. NL = add up of Keller placement in Illinois county has (+) direct relationship. TR = Tuition reimbursement given by companies in Illinois counties has ambiguous relationship with touchstone holded it is uncertain. It depends on the companies how often fees it gives to it employee possess particular education UD = It has (+) direct relationship management it depend on soma of people with undergraduate gradation living in Kane, Cook, Lake and Du page. 1B) A assimilator taking their last-place course has to a greater extent likely to keep back inelastic postulate. In inelastic demand price sum up or decrease does not incline to fal l or rise in demand. 2) Cross catch Measures must be use to measure this impact. Theatre and air TV companies ar substitute. it has negative impact Decrease in price of champaign 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 of output.

It make sense to temporarily turf out bundle 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 pri ce. in that location will be new equilibriu! m with confused quantity demanded and low price 5) Characteristics of airline in price discrimination. a. break capacity to various booking classes which sell for different prices. b. ticket restriction by advance purchasing within lean of days or cancellation penalty. c. Early bird discounts those who book in advance get lower prices. d. Price difference betwixt 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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