StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Raise or Lower Tuition - Assignment Example

Comments (0) Cite this document
Summary
Raise or Lower Tuition? Answer 1 The effect of rise in tuition on the revenue earnings of the university has been explained below. In theoretical reasoning, a rise in tuition fees would result in the rise in revenue earnings of the university. While considering the economics of supply and demand, this may not always be true…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.5% of users find it useful
Raise or Lower Tuition
Read TextPreview

Extract of sample "Raise or Lower Tuition"

Download file to see previous pages This would result into more revenues for the university. On the other hand, if the demand for the university is less than the number of available seats, a rise in tuition would result in lowering of the revenues (Mankiw, 2011). Due to lesser demand, the students would opt for alternate choices where the tuition is comparatively less. Answer 2 The revenue earnings of the university would vary depending upon the prevailing conditions of demand for the university and the number of seats available. The revenues of the unity will rise when the demand for admission exceeds the number of seats available. The university would have the option to raise tuition resulting into higher revenue earnings. The revenue earnings of the university are likely to fall when the demand for university admissions is less than the number of available seats. Due to lesser demand, the university would have to reduce the tuition that would result into fall of revenue earnings (Marshall, 2006). Even stagnant tuition fees would lead to fall of revenue due to lesser number of students. The revenues of the university are likely to remain same when there is equilibrium between the demand for university admissions and the number of seats available. ...
Due to the high demand for university admissions, there is large number of students available for enrollment. The students would be ready to pay more for their preferred university. This would positively impact the process of revenue earnings. The loss of revenue from the lower number of student enrollments is a scenario that can occur due to lower demand of university admissions against the number of available seats. Due to lower demand, a hike in the tuition fees would cause lower number of students to enroll. The students would prefer other universities for which the process of revenue earnings would get affected. Answer 4 A negative price elasticity of the university indicates with the rise in the tuition fees, the demand for university admissions is likely to fall. Considering the situation when the price elasticity of the university is (-1.2), a rise in tuition fees of the university would result in considerable fall of demand of the university admissions. The university has also been suffering with the revenue earnings in recent times. A further rise of revenue in such a condition would result in the further lowering of student enrollment (Schotter, 2008). This would result into lowering of revenue earnings for the university. In such a situation, the university would be suggested to lower the tuition fees in order to revive the situation of revenue crunch of the university in recent times. A reduction of tuition would draw more students for enrollment. The students would want to take the advantage of comparatively low tuition fees. This would lead to expansion of revenue for the university. Answer 5 Being the President of NSU, the economic theories of supply, demand and price elasticity would be ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Raise or Lower Tuition Assignment Example | Topics and Well Written Essays - 750 words”, n.d.)
Raise or Lower Tuition Assignment Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/macro-microeconomics/1481984-raise-or-lower-tuition
(Raise or Lower Tuition Assignment Example | Topics and Well Written Essays - 750 Words)
Raise or Lower Tuition Assignment Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/macro-microeconomics/1481984-raise-or-lower-tuition.
“Raise or Lower Tuition Assignment Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/macro-microeconomics/1481984-raise-or-lower-tuition.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Raise or Lower Tuition

College tuition

...?INTRODUCTION The process of globalization is progressively reshaping relationships all over the world. Integrated market policies have helped countries to improve literacy rates by stabilizing their economies. However, enabling more labor class to receive higher education has also led to rapid academic inflation. Consequently, the race for higher education resulted in soaring of tuition fees. Students usually pay these costs from a different number of sources including personal savings, parents’ money, scholarships, student loans and other financial instruments. This paper attempts to investigate the economic costs and benefits associated with college tuition. The research will also help administrative bodies and students to identify...
5 Pages(1250 words)Research Paper

Raise or Lower Tuition

...? Raise or Lower Tuition? al Affiliation Raise Or Lower Tuition? The price elasti of demand assesses the quantity of product responsiveness to a change or variation in its price. The accessibility of substitutes is the key determinant of price elasticity of demand for the product. Demand tends to be elastic when there is availability of good substitutes and a sizable element of the item in the consumers’ budget. On the other hand, demand tends to be inelastic when there is availability of poor substitutes. Generally, a product’s price elasticity increases as the consumers get more time to adjust to the change in the product price (Gwartney, Macpherson, Sobel, and Stroup, 2009). The idea of elasticity assists an individual to determine how...
3 Pages(750 words)Research Paper

Raise or Lower Tuition

... Topic: Assess a raise in tuition and if it will necessarily result in more revenue. Academic policy makers have been trying to devise strategies to increase financial revenue for universities without having a huge effect on student enrollment. These policy makers have to consider a number of other factors including competitor`s tuition levels, government aids and scholarships along with the ability of students to pay college fees (Jung S, 2008). Due to budget cuts, especially during times of recession, universities have to increase tuition fees to cover the administrative expenses. There is a major misunderstanding among people that increase the price will always result in higher sales or higher revenues for the organization. However...
3 Pages(750 words)Assignment

Raise or Lower Tuition

...? Raise or Lower Tuition Because of the continued decrease of government support for public universities and the increasing cost of living, the only way the public universities can increase their revenue is through increasing the school tuition. An increase of school tuition should not affect the enrolment for it to increase school revenue. However, you find that even though the increment are within the margins of the tuition that other universities offer, students who are in the lower earning profile will be greatly affected even with minimal increment. The university can deal with this problem by setting aside a percentage of the revenue generated for financial aid. Another way of ensuring that the school enrolment is not affected...
3 Pages(750 words)Essay

Raise or Lower Tuition

On that note, we are going to comprehensively study the ways in which this institution can generate more income, for instance through the increase of tuition fees among other strategies that need to be undertaken in a bid to achieve this goal. Evidently, another way in which in the nobody state university can raise its income is through the reviewing of some of the mechanisms that involved in the enrolling of students into the institution. Notably, in the study of the manners in which institutions of higher learning can increase revenue, it is essential to discuss on the enrollment exercise since the major earner of capital in this line of business is largely dependent on the number of individuals that enroll in the particular in...
4 Pages(1000 words)Essay

Lower the college tuition

...Against High Tuition Higher education is an interesting and very important today. Despite the fact that United s is home to some of the best colleges and universities in the world, access to higher education in this country is not always equal. Education is something which gives people opportunity and the options to move forward in life. High college tuition limits the accessibility of higher education and this is an important reason why it remains controversial. The following essay will explore the reasons why tuition should be low. Since lower tuition benefits both students and the wider university environment, low tuition should be a priority for administrator as well as social policy planners. Since education is based upon...
4 Pages(1000 words)Essay

Tuition increase

... services than better-prepared students who attend elite private universities, says F. King Alexander, president of California State University at Long Beach. The lack of state and federal funds have pushed public schools to also raise their costs, which is a high unconcern for students who are already in a tight financial situation. Yet, the hope remains- that the recessive economy pulls itself through for the better and stops the inflation from concurring more debt than needed. Works Cited "The Surprising Causes of Those College Tuition Hikes - US News and World Report." US News & World Report | News & Rankings | Best Colleges, Best Hospitals, and more. N.p., n.d. Web. 24 Oct. 2011. tuition-hikes>....
1 Pages(250 words)Article

Raze-Raise

... Raze Raise The Emmanuel gallery has been mistaken by many for church. However, historically the gallery was a church and was converted in 1973 to a gallery as stated by Emanuel (1). Recently, Jeff page, a Denver native has been holding a fourteen piece exhibit which was showing since August 2nd all through to September 6th. Page’s work in raze-raise symbolizes the gay male subculture of Denver. Most of the pieces in the work are made of human hair, latex and pelts. The major attraction of this piece of art is the Raze, the roof piece that is based on the middle of the gallery. This structure made of human hair, acrylic, wood and latex rubber gives the viewer the opportunity to create individual meaning. Hen one stands close to this piece...
2 Pages(500 words)Essay

To raise or lower tuition at a University

...To raise or lower tuition at a al Affiliation) The Nobody has to make a decision on its revenue earning. The main source of revenue for this state university is the fees that students pay for the tuition services that they receive from the university. Revenue behaves differently depending on the price and the customers that a product is being offered to. For us to understand and effectively give informed decision on whether the state university should increase or decrease its tuition fees. The two scenarios will be analyzed after the in-depth analysis of what revenue consists of. When talking about revenue we have the Total Revenue TR, Average Revenue AR, Marginal Revenue MR. The definition of revenue is actually total amount of money...
3 Pages(750 words)Essay

Should We Raise or Lower Minimum wage

... Should We Raise or Lower Minimum Wage? Minimum wage is the legislated lowest hourly earnings that a worker can receive from the employer for the services that he has offered him. This is one that is permitted by the law or through a voluntary agreement. In the modern society, a need has gone a notch higher to promote checks and balances especially among employers who often exploit their workers through payment of low wages which do not match the labour rendered. Congress rate and this has become a concern to labour activists to frequently to raise the issue of increasing income for low- level workers. Also considering the fact that inflations Majority of minimum wage jobs are filled by workers with limited education and experience who...
5 Pages(1250 words)Essay

The Classic Divisions between Upper Middle and Lower Class

... Three Approaches to Social Class in Contemporary Britain Introduction Social class is a subject of particular importance within contemporary Britain as the country has seen great demographic changes over the last few decades that might produce tension and conflict if not carefully studied and understood. The classic divisions between upper, middle and lower class have been remarkably resilient within modern research, although they are now starting to be evaluated in more subtle and nuanced manners. Approach One: An Online Journal The journal article chosen is “Social Class Differences in Coronary Hearth Disease in Middle-Aged Men: Implications for Prevention”. (Emberson, 2003). The study evaluated the relationship between...
7 Pages(1750 words)Term Paper

Military Ethics and Leadership At Lower Levels

... of these values can raise a conflict of interest. The breakdown of ethics in recent wars by the U.S military will be analyzed and the unethical actions of higher and lower ranking officers will be looked at and discussed. At this point I will briefly talk about the ethics of torture because of the recent controversies and infamy of the subject. Another topic covered in this paper is nonjudicial punishment within the armed force’s ranks and the advantages and disadvantages of such a process along with the effect it may have on morale. Evaluation of these subjects lead me to my final and concluding paragraph where I state my belief that the lack of ethics in the army can possibly be resolved by teaching officers, particularly junior officers...
11 Pages(2750 words)Research Paper

Effects of Grip and Lower Arm Strength Training on Throwing Velocity

The study was able to obtain good regression models indicating quantitative relationships between grip strength and the velocity as well as the distance of throws, something that the literature does not seem to have done recently.
Sports therapy covers the prevention of injuries and the use of sports and exercises sciences to prepare participants for training, competition, and work (University of Central Lancashire 2010). On the other hand, the Vermont Chiropractic & Sports Therapy (2009) pointed out that sports therapy focuses on the prevention and treatment of injuries resulting from training and participation in athletic events. O’Gorman (2009, p. 7) clarifies however that sports therapy is part of sports medicine...
30 Pages(7500 words)Essay

Mind Development in Children in a Lower Socioeconomic Status

...Theoretical Approach to the Study of Mind Development in Children in A Lower Socioeconomic Status Throughout history, there have been many studies performed regarding the different aspects of human beings. Studies that in turn, have enabled the formulation of theories that influence how others are able to understand the basic components of the human condition. One of the most central aspects, by far, for the human body, would be that of the spirit. The very entity that would, in turn, guide the individual as they move along in life. While the theory of the adult mind would be an observation warranting further discovery, the nature of the child’s mind, would provide an equally relevant measure of valuable material. From the nature...
8 Pages(2000 words)Research Paper

Expanding Literacy and Creativity in Lower-Intermediate English Language Learner

... Expanding Literacy and Creativity in Lower-Intermediate English Language Learner Background Teaching ELL can be challenging for a TOEFL situation. This class will be taught on-site at a language school, in a large room with a 20 student capacity. The class size, however, is more like 10-15 students of various ages between 18-45, of a lower intermediate level. The main thing to remember in terms of background is conditioning. Classical conditioning states that a certain kind of stimulus acquires value when it is repeated and it is also paired with a sort of positive response. From this view, students learn by sorting out their responses to different stimuli in general ways and in specific ways. Operant conditioning states...
8 Pages(2000 words)Case Study

With reference to Robbins et al. (Reading 5), discuss how situational leadership can help raise your organisation's performance

Situational leadership is one such concept outlining that there is no single best concept or style of leadership. The best leadership therefore is task related and therefore the most successful leadership is the one which can easily adapt its style to the level of maturity. Robbins et.al outline that the overall performance of the leader as well as the organization critically depends upon the nature of the relationships between the followers and the leaders. Under situational leadership, the overall organizational effectiveness as well as the performance largely depends upon what followers do and how they do it. The overall organizational performance under the situational leadership therefore largely depends upon the notion of th...
9 Pages(2250 words)Essay

Difference in Tuition Fees of the Educational Courses in the Universities

.... The developing countries have looked to offer incentives in the form of several scholarship programs offered to the overseas students. The tuition fees of the universities in the developing countries are comparatively lower which attracted the students from the developed countries to pursue education. In order to counter the comparative advantage attained by the developing countries, the developed economies have also restructured the tuition fees of their academic institutions. The government adopted the policy of providing preferential treatment to the students of their home country in order to restrict the outflow of their students to the foreign universities. The changes in the tuition fees have helped to attract more students...
8 Pages(2000 words)Case Study

Nerve Lesions of Lower Limb (Muscle Testing of Lower Limb)

...NERVE LESIONS OF LOWER LIMB (MUSCLE TESTING OF LOWER LIMB) Nerve lesions of lower limb (Muscle testing of lower limb) Lower limbs have a variety of nerves. For a proper understanding of the nerves, their functions and the dangers that they may suffer in the event of a lesion, the lower limb is divided into the nerves of the thighs and nerves of the legs. Compartment of the thigh is further divided into three compartments by three septa that extend from deep linea aspera of femur to deep fascia of the thigh (Christine 2010, 123) . To understand the lesions that nerves in the lower limb is most likely to suffer in the event of an injury or any other causative agent, it is necessary to understand the structure of the lower limb (Ward...
19 Pages(4750 words)Book Report/Review

Should the Government Raise the Driving Age

... of Driving is one of the most ordinary actions that the human population experiences in the dailyundertakings. The issue is because the cars are a means of upholding efficiency and saving on time that is an important resource in the economy of the country. However, there is the need of care in the control that the drivers have on the automobiles. The perspective thus brings in the argument of the need to raise the driving age to a mature age. The following article thus articulates on the various issues that different research works establish to be beneficial by raising the driving age. Most of the research works command on the fat there is an urgent requirement to set the driving age to a more mature age. The article illustrates...
6 Pages(1500 words)Article
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Raise or Lower Tuition for FREE!

Contact Us