Following is themarket demand function for a private high school.Qprd = 80– 4 Ppr +0.9I+0.8Ppu.
Where Qprd is thenumber of applicants to the private high school per year in thousands , Ppr isthe average price of private high school (in thousands of RMB), I is thehousehold monthly income (in thousands of RMB), and Ppu is the average price ofpublic (government-supported ) . Assume that Ppr is equal to 35, I is equal to80, and Ppu is equal to 20 .Please calculate the cross-price elasticity ofdemand for the private high school with respect to the price of public highschool？
Which of thefollowing condition will a firm supplying a commodity product in the marketplacereceive economic rent?
A. demand increasesfor the commodity and supply is elastic.
B. supply increasesfor the commodity and demand is inelastic.
C. demand increasesfor the commodity and supply is inelastic.
Cameron and Casparformed a new company with an investment of $100,000 on July 1 2014. The mostlikely effect of this transaction on the company's accounting equation at thetime of the formation is an increase in cash and:
A. an increase inrevenue.
B. an increase inliabilities.
C. an increase incontributed capital.