Preview

Eco204 Raise or Lower Tuition?

Good Essays
Open Document
Open Document
700 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Eco204 Raise or Lower Tuition?
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

You May Also Find These Documents Helpful

  • Good Essays

    Tuition has contributed more to the overall growth in revenue. In particular, special programs have seen the largest increase with a 164.74% increase over the past 4 years. Special programs grew the fastest, but public courses produced the most revenue.…

    • 2325 Words
    • 10 Pages
    Good Essays
  • Good Essays

    After carefully reviewing the NSU revenue I have determined that raising tuition will not necessarily increase revenue. Considering NSU is not research university revenue is not lost on research projects. The cuts in state funding and lack of donations have put NSU in a financial crisis. Therefore a raise in tuition will replace some of the funds already lost. Meaning an increase in revenue is unlikely. If, for instance, state governments were to cut subsidies for public colleges and universities, those institutions could choose to raise tuition (rather than, say, cut spending or solicit alumni donations) to make up the difference. This is a cost shift (Matthews, 2013).…

    • 839 Words
    • 3 Pages
    Good Essays
  • Good Essays

    As population grew, so did the enrollment within the colleges. Next came the Pell Grant as well as student loans. Because there was such a huge interest in college, the colleges themselves seized the opportunity to capitalize and began increasing costs but that didn’t hurt…

    • 944 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    A price increase of $2 would see demand fall to 5,913 customers but total margin would rise to $41,389. A price decrease of $2, however, would see a fall in demand to 5,673 customers and total margins fall to $17,019.…

    • 787 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Dick Armey Summary

    • 949 Words
    • 4 Pages

    Tuition has gone up every year by 9.8 percent since 1994, which many families are stressing to provide that…

    • 949 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Budget

    • 461 Words
    • 4 Pages

    Patient revenue will continue to increase, but at a decreased rate, with little or no increase in patient volume, due to new managed care contracts.…

    • 461 Words
    • 4 Pages
    Satisfactory Essays
  • Best Essays

    The cost of education continues to rise as the government cuts back on state and federal aid to support education. Business has also cut back on spending to support its employees in their continuing education needs.…

    • 3332 Words
    • 14 Pages
    Best Essays
  • Good Essays

    Vaccination Case Study

    • 608 Words
    • 3 Pages

    If tuition is held below equilibrium price, more student will want to attend state universities, which can affect the quality of education because there will be increasing class sizes or cut backs on the number of classes. This may result in students not being admitted to their desired classes. Universities may implement changes in admission requirements to reduce enrollment of lesser qualified applicants. Universities may use adjunct instructors instead of full-time faculty; that can also affect the academic performance of students.…

    • 608 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Equilibrium is a state of rest, balance, a position which, if attained it will be maintained. As such, if an equilibrium price is one which, if attained in the market, will be maintained, until some disturbing factor causes a change in demand or supply conditions. If tuition is held below equilibrium price, this would be referred to as price ceiling. If state funding for the universities is held constant, then the conditions that will prevail is the no profit for universities and will only benefit customers who gets to obtain the tuition at lower cost as a result universities…

    • 1009 Words
    • 5 Pages
    Good Essays
  • Better Essays

    College Costs and Prices

    • 1954 Words
    • 8 Pages

    According to Dr. Howard Rothmann Bowen, the costs of college tend to get higher as students climb up the academic ladder. The educational cost per student, therefore, tends to be greater in institutions with high proportions of advanced students than in institutions with high proportions of beginners. According to Bowen's book, The Costs of Higher Education, all the expenditures of higher education are paid out to staff as wages or salaries, to outside vendors for the purchase of goods and services, to students for financial aid, and to outside vendors for the purchase of goods and services, and to outside vendors and contractors for the purchase of capital goods such as buildings and equipment (8). Appendix A is a table from Bowen's book expressing different administrative divisions and what percent of expenditures they receive from America's colleges and universities in a single year.…

    • 1954 Words
    • 8 Pages
    Better Essays
  • Good Essays

    financial and economical security. Has the price of college gone up? Yes. It is called inflation. In…

    • 869 Words
    • 4 Pages
    Good Essays
  • Good Essays

    High Cost Of College Essay

    • 1131 Words
    • 5 Pages

    The cost should be lowered for all of the people wishing to continue on their pursuit of education. The cost of items in store decrease when there is more people buying it so why is it not the same for colleges. It is a necessity to lower the amount of debt in the US which tuition by it self is 1.3 trillion. For the average student 37,000 dollar fee should be lowered substantially to account for today's job market. Besides the amount amount of money should be proof enough but to have only 14% have a job waiting for them in an unstable economy is scary. There is no question here the cost of college tuition should be…

    • 1131 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Inventory Proposal

    • 687 Words
    • 3 Pages

    With any organization there are problems that will need a solution. The educational system is not excluded from this issue. Organizations with inventory or records that rise and fall considerably during the course of the academic year provides problems that stimulate organization to implement a resolution to the problem. The goal for the University of Phoenix is to make sure that enrollment remain high and above a certain point. The University is aware that the enrollment drops during certain seasons or months of the year therefore the goals mainly at University of Phoenix are focused…

    • 687 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    (4) the sales revenue may increase or decrease, depending on the price elasticity of demand.…

    • 222 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    ESSAY

    • 332 Words
    • 2 Pages

    In my opinion, the issue of university tuition fee is not only a personal matter, but also of great significance to the society as a whole. Both the government and students should take responsibility for the cost because they both benefit a lot. A practical suggestion can be that the government…

    • 332 Words
    • 2 Pages
    Satisfactory Essays