Would you support or oppose the tuition increase and why

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Smart University of Lafayette Indiana is a C.E.D. division of Smart University located in Gary Indiana. SU's goal is to maximize profits.. SU is currently maximizing the profit at SU of Lafayette by charging the profit-maximizing tuition rate. Things have changed at SU of Lafayette. The rent of the building in which they offer classes has changed. The rent, a fixed cost, has increased. In response to the rise in rent the Dean of the Science department has suggested that they raise the price students pay for tuition at SU of Lafayette. The Dean argues to continue maximizing profits they should raise their tuition rate to recover some of the increase in rent. After all he argues our costs have risen and we should raise our tuition. You, the janitor, over hear the Dean's argument and decide to speak out. Would you support or oppose the tuition increase and why?

Reference no: EM13180263

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