Price of education explain using supply and demand

Assignment Help Management Information Sys
Reference no: EM13358700

Price of education: explain using supply and demand concept

Over the last 30 years in the United States, the real price of a college education (i.e., after adjusting for inflation) has increased by almost 70 percent. Over the same period, an increasing number of high school graduates have sought a college education. (Nationwide college enrollments almost doubled over this period.) While faculty salaries have barely kept pace with inflation, administrative staffing (and expenditures) and capital costs have increased significantly while government support to universities (particularly research funding) has been cut.

(a) College enrollments increased at the same time that average tuition rose dramatically. Does this contradict the law of downward-sloping demand? Explain.

(b) Use supply and demand model to explain the dramatic rise in the price of a college education.

Reference no: EM13358700

Questions Cloud

Foundations and current challenges in strategic : foundations and current challenges in strategic managementin a narrative format discuss these firms from a strategic
Business risk financial risk and beta1 define and discuss : business risk financial risk and beta1. define and discuss the relationship between business risk financial risk and
Supply chain and inventory strategyputting together a : supply chain and inventory strategyputting together a syllabus for my course starting in january.cases produce a two-to
Logistics provider traditional and virtual3-4 pages is : logistics provider traditional and virtual3-4 pages is required1. compare and differentiate the functions normally
Price of education explain using supply and demand : price of education explain using supply and demand conceptover the last 30 years in the united states the real price of
Supply chain strategyin 1000 words explain what a supply : supply chain strategyin 1000 words explain what a supply chain is and discuss the importance of a company having a
Supply chain management powerpointafter the initial report : supply chain management powerpointafter the initial report the owners of stone horse supply company john and michael
Shifts in bookselling industry1modern book distribution inc : shifts in bookselling industry1.modern book distribution inc. case study evaluation. richard guy ceo of modern book
Supply chain technology strategyafter the last report the : supply chain technology strategyafter the last report the owners of stone horse supply company john and michael have

Reviews

Write a Review

Management Information Sys Questions & Answers

  How will companies like aol survive

Dail-up Technology and Is dial-up a dying technology? If so, how will companies like AOL survive?

  Basic components and types of computer systemswhat are the

basic components and types of computer systemswhat are the basic components and types of computer systems? provide some

  Quality management helpi need some assistance in starting

quality management helpi need some assistance in starting on this assignmentchoose an organization delivering goods

  Explain the duties of a network manager

Duties of a Network Manager - This solution describes the duties of a network manager, and also explains the implications of regulation on electronic documents.

  Characteristics and challenges in effective and efficient

characteristics and challenges in effective and efficient global supply chain implementationwhat are some common

  Classic airlinescollecting customers informationbased on

classic airlinescollecting customers informationbased on classic airlines scenario please answer the following

  The answer to management information systemsif the project

the answer to management information systemsif the project team determines that the best alternative is to modify a

  Description of information systemsgive a specific example

description of information systemsgive a specific example of how a company illustrates the three key principles of good

  Description of business logistics management

Description of Business Logistics/Supply Chain Management - indicate whether an area or modified-area layout of a warehouse would likely be used and why.

  Check the existing supply chain management process

Check the existing supply chain management process in Starbucks and Describe the flow materials , the organizations functions and the customers it serves.

  Exponential price-performance improvements

Why have these two companies taken such diametrically opposite approaches? Why is Ebay in such a strong position? Digitalization of content

  Describe the role of a buyer

Describe the role of a buyer in an organization's supply chain and purchasing process. Why would a buyer need to be familiar with the supply chain of his or her organization?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd