Midstate university is trying to decide whether to allow 100 more students into the university. tuition is $5000 per year. the controller has determined the following schedule of costs to educate students: number of students total costs 4000 $30,000,000 4100 30,300,000 4200 30,600,000 4300 30,900,000the current enrollment is 4200 students. the president of the university has calculated the cost per student in the following manner: $30,600,000/4200 students = $7286 per student. the president was wondering why the university should accept more students if the tuition is only $5000.a. what is wrong with the president's calculation? b. what are the fixed and variable costs of operating the university?
Answers: 3
Business, 21.06.2019 16:20
Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes
Answers: 3
Business, 23.06.2019 09:00
The average cost of one year at a private college in 2012-2013 is $43,289. the average grant aid received by a student at a private college in 2012-2013 is $15,680.what is the average student contribution for one year at a private college in 2012-2013?
Answers: 2
Business, 23.06.2019 10:30
How many years do you have to go to school for business management
Answers: 2
Midstate university is trying to decide whether to allow 100 more students into the university. tuit...
Mathematics, 20.02.2020 22:37
Business, 20.02.2020 22:37
Physics, 20.02.2020 22:37
Mathematics, 20.02.2020 22:37
Mathematics, 20.02.2020 22:37
Mathematics, 20.02.2020 22:37
Mathematics, 20.02.2020 22:37
Mathematics, 20.02.2020 22:37