This is one question since you have to know answers accumulatively. The University of the Pacific...

This is one question since you have to know answers accumulatively.

The University of the Pacific Northwest increases tuition cost from $12,700 to $13,335 and finds enrollment has drop by 3%. At the same time the University of the Pacific Northwest increased tuition, Portland Upstate a university located 75 miles to the east found that their enrollment increased from 5,652 to 7,072 students. (for full credit show your calculations,

a) Calculate the price elasticity of demand for University of the Pacific Northwest _______________

b) The University of the Pacific Northwest will find total revenue has increased or decreased ____________

c) Calculate the cross price elasticity for the increase in tuition at the University of the Pacific and the increase in enrollment at Portland Upstate ___________

d) Are the two Universities substitutes or complements ____________

Expert Solution

#Please rate positively...thank you.

Rahul Sunny answered 1 year ago

Background: As you know there is a high pressure region in the center of the Pacific...

Background: As you know there is a high pressure region in the center of the Pacific called the North Pacific high. This high pressure region is responsible for the clockwise rotating geostrophic flow in the North Pacific called the North Pacific gyre. Locally, we call this current the California current. Theory: a) A typical atmospheric pressure difference between the center of the North Pacific high and its edge 1000 nautical miles away is 10-20 millibar. - Assume that the pressure...

This is a critical thinking question. I know the answers. My question is in bold below...

This is a critical thinking question. I know the answers. My question is in bold below the textbook question. Ch 13, #57PE - A deep-sea diver should breath a gas mixture that has rthe same oxygen partial pressure as at sea level, where dry air contains 20.9% oxygen and has a total pressure of 1.01x105 N/m2. When developing a strategy for solving this problem, how can the given information and the principles that govern this context lead me to what...

The University of California, Berkeley (Cal) and Stanford University are athletic archrivals in the Pacific 10...

The University of California, Berkeley (Cal) and Stanford University are athletic archrivals in the Pacific 10 conference. Stanford fans claim Stanford's basketball team is better than Cal's team; Cal fans challenge this assertion. In 2004, Stanford University's basketball team went nearly undefeated within the Pac 10. Stanford's record, and those of Cal and the other eight teams in the conference, are listed in In all, there were 89 games played among the Pac 10 teams in the season. Stanford won...

You have two coins, one of which you know to be fair and the other of...

You have two coins, one of which you know to be fair and the other of which has a probability of turning up heads of 0.7, but you can’t tell which one is which. You choose one coin at random and flip it ten times getting an equal number of heads and tails. What is the probability that you chose the unfair coin?

1.) Problem: You want to know whether wait times at grocery stores have changed since Sacramento...

1.) Problem: You want to know whether wait times at grocery stores have changed since Sacramento told people to only go out for essential services because of CoVid 19. You decide to test this at the p < .01 level. Grocery stores said their usual wait times to checkout before the virus was 10 minutes, but they don’t know the variance. You randomly select 7 people as they check out and measure their wait time, and find they waited: 9,...

Congratulations! You have graduated Chamberlain University and have been working as a nurse for one year....

Congratulations! You have graduated Chamberlain University and have been working as a nurse for one year. On your next shift, you are tasked with taking care of a 75-year-old woman who is suffering from dementia. She is under your care and has been recently diagnosed with depression and generalized anxiety disorder. Her family comes to visit her often and expresses to you that they are worried about her overall health and have been overly stressed making sure she gets the...

I'm a layman without a university background in physics / math. Since I don't have a...

I'm a layman without a university background in physics / math. Since I don't have a background, reading a paper is more of an effort. Consequently, when I come across an interesting paper, I can't really just give it a glance, and see if it is science, or psuedoscience. This question is about this paper: The Schwarzschild Proton. Nassin Haramein. Originally at The Resonance Project; archived here by the Wayback Machine on 20/02/2012. [Edit by bcrowell, 19/08/2013: this web page...

All part of one Question: How do you know if the Dollar is stronger or weaker...

All part of one Question: How do you know if the Dollar is stronger or weaker than another currency? If the $1 = 20 Pesos and $1 = 100 Krona in Iceland and $1 = 120 Yen. What can you say about the Dollar and the other currencies? What are the benefits and problems of Economic Statistics, such as GDP, inflation, Unemployment Rates, and others. Are they more headache than useful? What other alternatives do we have to these statistics...

I need Answers to Question from P - V! I know it's a lot but they...

I need Answers to Question from P - V! I know it's a lot but they are all small questions related to the same case so I didn't know how to split it into multiple questions. I would really appreciate the help, as I need a way to compare my answers. Dallas & Associates Financial Statement Preparation & Analysis You have been hired as a senior financial analyst for Dallas and Associates and you are in charge of preparing the...

You have just graduated from the MBA program of a large university, and one of your...

You have just graduated from the MBA program of a large university, and one of your favorite courses was “Today’s Entrepreneurs.” In fact, you enjoyed it so much you have decided you want to “be your own boss.” While you were in the master’s program, your grandfather died and left you $1 million to do with as you please. You are not an inventor and you do not have a trade skill that you can market; however, you have decided...

Question