College charges all students the same tuition

Assignment Help Business Economics

Reference no: EM1320353

Q. small college has space for a maximum of 1,000 students. The college can identify 500 of its students who are willing to pay $20,000 every year also 500 students who are willing to pay $10,000 every year. The college has annual fixed costs of $10 million also the variable cost for each additional student is $5,000. To continue operating, the college must receive payments equal to its total costs (that is, total fixed costs + total variable costs).

If the college charges all students the same tuition, illustrate what tuition can it charge to cover all of its costs?

Reference no: EM1320353

Questions Cloud

Stating slope of trend line : Below, explicitly state slope of your trend line and describe what value of slope signifies in terms of this context.

Developing the database of company : Enable the user in order to input a last name; then find the file and show all the names and phone numbers corresponding to that last name.

How much profit does an individual producer make : Elucidate how much profit does an individual producer make in a month. Is this a long-run equilibrium.

What is the normal force exerted on the cart by the floor : A cart loaded with bricks has a total mass of 21.2 kg and is pulled at constant speed by a rope. The rope is inclined at 27.2 ? above the horizontal and the cart moves 27.1 m on a horizontal floor. The coefficient of kinetic friction between groun..

College charges all students the same tuition : If the college charges all students the same tuition, illustrate what tuition can it charge to cover all of its costs.

Illustrate what occurred to employment : Illustrate what occurred to employment during the rest of 2008. Illustrate what are some of the alternatives to a tax cut that might have been utilized.

Calculate the z or t value of the sample test statistic : Calculate the z or t value of the sample test statistic

Pros and cons of standardization for advertising : What are the pros and cons of standardization for international advertising? Discuss the tools used by public relations professionals. Is public relations free promotion for a company?

Purely competitive wheat farmer can sell any wheat : A purely competitive wheat farmer can sell any wheat he grows for $30 every bushel. His five acres of land

User Account

All Pages