An attempt to raise more revenue in Nobody State University
Suppose that, an increase of Tuition and fee in an attempt to raise more revenue in Nobody State University. Will this necessarily result in more revenue? and under what conditions will revenue (a) rise, (b) fall, or (c) remain the same? 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. If the true price elasticity were -1.2, what would you suggest the university do to expand revenue? If you were the president of NSU, how would you tackle this problem based on what you have learned in this course?
The Raise or Lower Tuition paper