Which of the Following Is a Question Answered with Positive

question 78

Multiple Choice

Which of the following is a question answered with positive economic analysis?

• A) Should the college reduce tuition for out-of-state residents?
• B) Should the college charge higher tuition for part-time students?
• C) If the college increased its eligibility requirements for enrollment, will class sizes decline?
• D) Should the college eliminate its athletic program to cut its costs?

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Definitions:

Demand Uncertainty

The unpredictability of customer demand, posing challenges to accurately forecasting and meeting market needs.

Expected Profit

The forecasted gain from an investment or business operation, taking into account the probability of different outcomes.

Souvenirs

Items purchased or acquired during a trip or at an event to serve as a reminder or for personal keepsake.

Product Availability

The extent to which goods are in stock and ready for purchase by customers.