Relationship between the increased revenue from students

Assignment Help Microeconomics
Reference no: EM13769887

You have been hired by Nobody State University (NSU) as a consultant to help the university with how to increase their total revenue. The university has been struggling in recent years, so they have hired you to help them in their last attempt to find an appropriate solution so that the university can survive.

Raise or Lower Tuition? Suppose that, in an attempt to raise more revenue, Nobody State University increases its tuition.

Assess a raise in tuition and if it will necessarily result in more revenue.

Describe the conditions under which revenue will (a) rise, (b) fall, or (c) remain the same.

Explain the process of revenue at NSU, focusing on the relationship between the increased revenue from students enrolling at NSU

despite the higher tuition and the lost revenue from possible lower enrollment.

If the true price elasticity were (-1.2), discuss what you would suggest the university do to expand revenue.

Using what you have learned in this course, explain how you would resolve this problem if you were the President of NSU.

Reference no: EM13769887

Questions Cloud

How may the defendant''s lawyer use the defense : How may the defendant's lawyer use the defense of the following: Comparative negligence and Contributory negligence
What is the annual cost : What is the annual cost, before any tax considerations, of the lease option? Are there any tax considerations and if so, what is the after tax annual cost of the lease agreement? Explain your answer.
Representative gasoline retailers product : What is the price elasticity of demand for a representative gasoline retailer's product?
Focus for a project proposal : Choose an organization as the focus for a Project Proposal. The organization can be an existing company, nonprofit organization, religious organization, or governmental agency. Avoid an organization that is so large that historical data would be d..
Relationship between the increased revenue from students : Describe the conditions under which revenue will rise, fall, or remain the same - Explain the process of revenue at NSU, focusing on the relationship between the increased revenue from students.
Describe how the theory affects an individual''s personality : Your instructor will assign each team a specific dispositional, evolutionary or biological personality theory.Create a 10- to 12-slide Microsoft® PowerPoint® presentation, with detailed speaker notes, on the strengths and limitations of the assigned ..
The risks associated with stem cell research : What do you think it means for a person (especially a scientist) to have a "prepared mind," as Pasteur describes?
Describe the local economys stage in the business cycle : Describe the current global economic conditions and their effect on local macroeconomic indicators for your good or service and describe the local economy's stage in the business cycle.
Calculate algebraically for equilibrium : What are the profit-maximizing price and output levels? Explain them and calculate algebraically for equilibrium P (price) and Q (output). Then, plot the MC (marginal cost), D (demand), and MR (marginal revenue) curves graphically and illustrate t..

Reviews

Write a Review

Microeconomics Questions & Answers

  The rise of china

Describe the principal effects of China's increasing prosperity on U.S./China relations. Is the rise of China a good thing or a bad thing for the U.S.? Explain your answer.

  What does utility function say about her mrs of coke

Show this utility maximiz- ing combination combination of Pepsi and Coke on the graph. how would her consumption and utility maximizing bundle of Coke and Pepsi change if the price of Coke decreases to 50 cents?

  What is the EUAC for the operating budget

A transportation engineer received a request to install dynamic traffic signals to replace static vehicle control devices at an intersection. The engineer should prepare an estimate of an operating budget for a ten year period, if the signals were in..

  Find profit-maximizing price and quantity if seller sells

the individual demand for a slice of pizza is given by qd 6 - p. assume the marginal cost of a slice of pizza is

  Why price and utilization economic factors

Evaluate the fundamental reasons why price and utilization economic factors in the healthcare setting influence competitive market status in regard to supply and demand for health care services. Provide at least one (1) example of such factors to ..

  Write down the difference between pegged currency fixed

quantity supplied and demanded for products change as the prices of the products change. similarly supply and demand

  Monetary policy is impotent in achieving macroeconomic goals

Describe why a monetary policy is impotent in achieving macroeconomic goals under the fixed exchange rate system. Begin your discussion with the assumption that the economy is at equilibrium in the balance of payments (external balance), however at l..

  1 the demand for steel ingots is given by the following

1. the demand for steel ingots is given by the following p150-0.5q. the private marginal cost of steel producers is

  What is the present value of the firm

A firm is expected to earn $100,000 per year forever. If the annual discount rate is 10 percent, what is the present value of the firm?

  Yu compute the incremental costs to be 268000 and fully

you operate your own small building company and have decided to bid on a government contract to build a pedestrian

  How would mr smith increase sales per week

Mr. Sea Food is considering a price reduction on the lobster soup, which currently sells for the price of $5.00. Mr. Smith, the proprietor, knows the price elasticity for this soup is roughly equal to 2.3 over the range being considered for the pr..

  Explain the median housing price in a community

Explain the median housing price in a community

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