Suppose the Local University Charges $85 Per Credit Hour

question 274

Multiple Choice

Suppose the local university charges $85 per credit hour.If tuition increases from $85 to $93 per credit hour,using the midpoint method,what is the percentage change in price?

• A) 8.99 percent
• B) 8.00 percent
• C) 9.41 percent
• D) 8.62 percent
• E) 9.12 percent

---

Definitions:

Exclusive Distribution

A strategy where a product is distributed through a single wholesaler or retailer in a specific geographic area, limiting the number of outlets to maintain exclusivity.

Retailers

Businesses that sell products directly to consumers.

Product Mix

The complete set of all products offered by a firm.

Kellogg's

An American multinational food manufacturing company known for producing cereals and convenience foods.