Question

A student faced with a computer programming assignment due next week has no idea how to...

A student faced with a computer programming assignment due next week has no idea how to begin his assignment. He feels a desperate need for tutoring assistance and states that he would "pay anything" for help. If this were true, what shape would his demand curve have (price on the vertical axis & quantity of tutoring hours on the horizontal axis)? Why is this not realistic?

Homework Answers

Answer #1

It can be no matter what the price is he would ready to pay because he is in a desperate need and this means for a fixed 30 of work enterprise is ready to pay as a result of which the quantity is same and the price can be anything which means the demand curve is vertical Quantity on x axis and price on y axis. however it is not realistic in nature in this is because of the fact that there is a certain amount of willingness to pay for every individual for a particular good as no good in the worth infinite price on the whole.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
AJ’s Fitness Center When A. J. Reeser signed papers to take ownership of the fitness center...
AJ’s Fitness Center When A. J. Reeser signed papers to take ownership of the fitness center previously known as the Park Center Club, he realized that he had just taken the biggest financial step in his life. Every asset he could pull together had been pledged against the mortgage. If the new AJ’s Fitness Center didn’t succeed, he would be in really bad shape financially. But A. J. didn’t plan on failing. After all, he had never failed at anything....
Question: AJ’s Fitness Center When A. J. Reeser signed papers to take ownership of the fitness...
Question: AJ’s Fitness Center When A. J. Reeser signed papers to take ownership of the fitness center previ... AJ’s Fitness Center When A. J. Reeser signed papers to take ownership of the fitness center previously known as the Park Center Club, he realized that he had just taken the biggest financial step in his life. Every asset he could pull together had been pledged against the mortgage. If the new AJ’s Fitness Center didn’t succeed, he would be in really...
PLEASE READ THE ARTICLES ATTACHED AND ANSWER THE FOLLOWING QUESTION. THE ARTICLES ARE BOTH LISTED PLEASE...
PLEASE READ THE ARTICLES ATTACHED AND ANSWER THE FOLLOWING QUESTION. THE ARTICLES ARE BOTH LISTED PLEASE PROVIDE DETAILED EXPLANATIONS. PLEASE WRITE ONE REFLECTION COMBINING BOTH ARTICLES. The purpose of the Article Reflection is to deepen your engagement with the topic of Epidemiology. It will give you the opportunity to reflect on the current real-life epidemiological issues at hand and help to bring meaning to them. ARTICLE 1: A group of students knew they had covid-19. They hosted a party over...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From the April 2004 Issue Save Share 8.95 In 1991, Progressive Insurance, an automobile insurer based in Mayfield Village, Ohio, had approximately $1.3 billion in sales. By 2002, that figure had grown to $9.5 billion. What fashionable strategies did Progressive employ to achieve sevenfold growth in just over a decade? Was it positioned in a high-growth industry? Hardly. Auto insurance is a mature, 100-year-old industry...
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT