Eco204 Raise or Lower Tuition?

Topics: Price elasticity of demand, Elasticity, Supply and demand Pages: 2 (700 words) Published: April 15, 2013
To raise more revenue, Nobody State University increases its tuition so, this would not increase the revenue but it would decrease the revenue. If one increase then the other would definitely decrease. No it would definitely not result into more revenue to have more revenue Nobody State University would have to decline some enrollments in order to increase the revenue. Most likely Nobody States University will not decline enrollment so the cost of tuition would definitely be increased. Under what conditions will revenue (a) rise, (b) fall, or (c) remain the same? Revenue would not fall or remain the same it would increase more likely due to the economic industry. Tuition have risen in the past and it has not stated the same or lowered while economic crisis continues to rise tuition cost would also increase. Explain this process, 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. The tuition fees raises but, it is due to the economic of health care, other industry with a huge cost problem. Both college education and health care have raised sharply in most developed countries not only the United States. The government is the real reason why tuition is raised and it is to replace state revenues or other private revenue sources because state subsides are going down. The student has been rising steady for decades because once subsides get cut they never get reinstated which effects the proportion of the cost of college. There are other reasons that tuition cost rises is simply the ever increasing amounts of money being spend on administration rather than instruction. Administrators have many high profiles universities have no incentive to decrease cost they have an incentive to increase costs after all the spending outlay tends to show up as an input in university ranking algorithms. The teachers are at the bottom of the...
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