You have been hired by Nobody State University (NSU)
as a consultant to help the university with how to increase their total
revenue. The university has been struggling in recent years, so they have hired
you to help them in their last attempt to find an appropriate solution so that
the university can survive.
Lower Tuition? Suppose that, in an attempt to raise more revenue, Nobody State
University increases its tuition.
•Assess a raise in tuition and if it will
necessarily result in more revenue.
•Describe the conditions under which revenue will
(a) rise, (b) fall, or (c) remain the same.
•Explain the process of revenue at NSU, 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), discuss
what you would suggest the university do to expand revenue.
•Using what you have learned in this course, explain
how you would resolve this problem if you were the President of NSU.
In a three-
to five-page paper (not including title and reference pages), provide
subheadings or separate paragraphs for each of the questions listed to help
focus your paper for the executives that have requested it. Support your paper
with at least two academic sources from the Ashford Library.
required to format you paper according to APA style guidelines.