Suppose the store owner actually pays $2.00 for each copy of the magazine and the price to customers is $4.00. if magazines left at the end of the week have no salvage value, is it better to order three or four copies of the magazine? [hint: for both three and four copies ordered, express net revenue as a function of demand x, and then compute the expected revenue.]

answer///supply is elastic, and demand is inelastic;

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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