...Week 2 Assignment: Raise or Lower Tuition? ECO 204: Principles of Microeconomics August 10, 2014 For this week’s assignment we have to assess how to increase the total revenue for a university by raising or lowering the tuition. As a consultant hired to help Nobody State University, I will assist in helping the university find the appropriate solution to help the university survive by changing the cost of tuition. Assess a raise in tuition and if it will necessarily result in more revenue. Raising the tuition at the university would not necessarily result in more revenue. When the price of tuition increases it will cause students to drop out; if the school is trying to keep the same number of students enrolled this will be a problem. However, if they are looking to decrease their enrolment while still increasing their tuition cost they could see an increase in revenue but not much. I would see the university’s goal as getting the most amounts of students to pay the higher tuition fees. Describe the conditions under which revenue will (a) rise, (b) fall, or (c) remain the same. Price determination is a difficult decision; one that should establish a tuition that retains current students, attracts new students, and provides adequate revenues to cover costs. (Byran & Whipple, 1995) Rise Conditions under which revenue will rise would be if the enrolment of students remains the same and rises. The university will have look at other factors that will make their...
Words: 911 - Pages: 4
...This assignment had me answer questions before I read two articles, I answered these questions to what I believed in and how I thought the government was handling certain things. I learned that Obama is trying to raise the minimum wage and is trying to help college goers by trying to reduce student debt. I learned that there are some things that I am unsure of. My answers before I read the two articles did not change after I read the two articles. I still believe that higher education prices are too pricey and that if it wasn’t so high that our unemployment percent would not be as high as it is because people could afford to go to college. I do not think that the minimum wage should increase because the jobs that give minimum wage are jobs for children in school or people that are unable to work in the working environment. I think that if Obama raises minimum wage then people will not care that they don’t have an education and take the jobs that, for example, a first job for a teenager would work. I believe that if minimum wage is raised to $10.10, than people will not attend college to get the degree, but will still be making a decent amount of money that one of the lowering paying jobs make but require a degree. From this assignment I learned that there is a lot going on in the government that I am not fully aware of. Although, I have my opinions on what I think should happen, I did not realize that Obama was taking action on these things. I learned that I need to pay...
Words: 534 - Pages: 3
...Business Plan: Leaders of Tomorrow Preparatory Private School Nicole Franklin Dr. Campo May 14, 2013 MGMT 530-11569 Table of Contents Abstract……………………………………………………………………………… Pg. 3 Mission Statement…………………………………………………………………… Pg. 3 Vision Statement…………………………………………………………………….. Pg. 4 Company Summary…………………………………………………………………..Pg. 4 Company Services…………………………………………………………………... Pg. 6 Market Analysis Summary………………………………………………………….. Pg. 6 Web Plan……………………………………………………………………………..Pg. 7 Strategy and Implementation………………………………………………………....Pg. 8 Financial Plan………………………………………………………………………...Pg. 9 Management Plan……………………………………………………………………Pg. 10 Executive Summary………………………………………………………………….Pg. 13 Abstract This assignment is a business plan for the hypothetical school, Leaders of Tomorrow Preparatory Academy. The business plan contains all of the necessary components needed to demonstrate the efficacy and legitimacy of LOTP as a viable business model. It is my goal to show that a private school can be founded and run viably according to the model that I have provided. Mission Statement Leaders of Tomorrow Preparatory Academy is a private institution that will offer an affordable high quality education to economically disadvantaged youth. We believe that a strong education lays the foundation for success later in life. To this end, we believe in educating the whole child. Our curriculum is built around both the student’s academic and personal growth. The institution...
Words: 2501 - Pages: 11
...question completely and stay on topic. Check carefully for grammar errors before you turn it in for a grade. *NOTE: Do not plagiarize (use the words and ideas of others) and do not get help to "make it perfect". PROMPT: California’s economy is in very bad condition, with an imbalance of over $25 billion dollars. The government will have to consider both cutting spending and raising income by taxes. One of the many cuts is the community college budget, and our own district & college are going to lose millions of dollars no matter what. One of the many ways to increase income is to raise tuition fees (currently they are $26/unit for residents and $234/unit for non-residents & international students. Proposals range from $36/unit to (in the worst case) $66/unit. TOPIC: What are the most important effects of a tuition fee increase? In other words, if Los Rios college tuition increases, what effects will this have? Explain the cause-effect connections to show HOW these effects will happen. In this essay, first consider the many different types of effects before you choose which ones to write about. Effects can be positive or negative; it is up to you to decide which kind of effects you want to discuss, and show how these effects could happen, to whom, and why they are important enough to write about. You will do this essay in several steps (ALL of them after the first one MUST BE TYPED): Thursday 3/3 The Outline Use the outline...
Words: 1858 - Pages: 8
...are considered full-time employees. Chris, one of these full-time personal trainers, is well liked by his clients and he consistently has a full schedule. Between clients and even before this gym opens, Chris tries to make sure the gym is clean. He washes down equipment, cleans bathrooms, and ensures the general appearance of magazine baskets looks good. As a full-time trainer; however, Chris has his hands full and after months of pitching in and working to keep the gym clean, he’s frustrated. He discovers his boss, John, no longer cleans because he assumes Chris will. Chris feels taken advantage of and wants John to recognize his role as a trainer first. He also wants John to consider the extra work cleaning involves. He is arguing for a raise or at least, special compensation for the cleaning should he continue it. For now, though, he is “on strike” from cleaning. He presents his findings to John who is not yet ready to compromise. Argument 2 Buying a Car Mark and Sally are a young, married couple considering the purchase of a new car. Mark feels his 10-year-old, four-door sedan is still working fine and there is no need to spend more money. Sally, who is 5 months pregnant, believes that the couple should invest in something newer and safer for their future children. Sally argues that the new car will be an investment for the future. Mark agrees to look but wants Sally to agree to lease a car first. Sally wants to invest in the future and argues that the long-term cost...
Words: 1115 - Pages: 5
...ASHFORD ECO 204 Entire Course For more course tutorials visit www.tutorialrank.com ECO 204 Week 1 DQ 1 Circular Flow Diagram ECO 204 Week 1 DQ 2 Supply and Demand ECO 204 Week 2 DQ 1 Elasticity ECO 204 Week 2 DQ 2 Externalities ECO 204 Week 2 Raise or Lower Tuition ECO 204 Week 3 DQ 1 Short and Long Run ECO 204 Week 3 DQ 2 Fixed and Variable Costs ECO 204 Week 4 DQ 1 Market Structures ECO 204 Week 4 DQ 2 Barriers to Entry ECO 204 Week 5 DQ 1 Transfers ECO 204 Week 5 DQ 2 Tariffs and Quotas ECO 204 Week 5 Final Paper ------------------------------------------------------------------------------------------ ASHFORD ECO 204 Week 3 Assignment Manufacturing Industry Evaluation For more course tutorials visit www.tutorialrank.com Manufacturing Industry Evaluation. Economists sometimes use concentration ratios to evaluate whether industries are oligopolies. In this assignment, you will make your own determination using the most recent data available. You will also discuss the merits and disadvantages of oligopolies in light of your research. Go to the Concentration Ratios in Manufacturing page at the website of the U.S. Census Bureau, click on the PDF of the most recent Economic Census for Manufacturing (NAICS 31-33), and answer the following questions in a two to three page paper formatted according to APA style. 2. Find the four-firm concentration ratios for the following industries: fluid milk (311511), women's and girl’s cut & sew dresses (315233)...
Words: 710 - Pages: 3
...1.0 Executive Summary A quality education is sorely lacking in Asaba Delta State, Nigeria. The lack of quality education has had a detrimental impact on families and the society in that part of the state. Infant Jesus Academy School will be a top-notch and English-medium higher secondary school imparting quality education to children in the city of Asaba Delta State, Nigeria. The purpose of this business plan is to raise $100,000 for the development of Infant Jesus Academy School while showcasing the expected financials and operations over the next three years. Infant Jesus Academy School. (“the Company”) is a Nigerian based partnership that will provide Secondary education to customers in its targeted market using the Infant Jesus Academy School system. The Company is founded by the six (6) partners namely: 1. Okocha Daniel 2. Kekeh Peter 3. Erhiaganoma Orhien 4. Oweifie Onyinkuro 5. Jude Ekezue 6. Anwasia Anthonia The school will be managed by Dr. Okocha Daniel who is the General partner while the other five will be limited partners. 1.1 Vision Statement We at The Infant Jesus Academy School seek to cultivate a happy and caring community that fosters a culture of learning where success is celebrated. Aims * To create in our school a climate where everyone is recognised and respected. * To encourage everyone to achieve their goals and dreams. * To promote a healthy lifestyle which embraces physical, mental and emotional wellbeing amongst all. ...
Words: 5139 - Pages: 21
...Botho University Student Regulations Student Regulations GL-BOT-014 Rev. 000 Page 1 of 24 08-06-2015 Table of Contents 1. Abbreviations and Key Terms ..................................................................................................................3 1.1 Abbreviations ...................................................................................................................................3 1.2 Key Terms.........................................................................................................................................3 2. Qualifications and Credits ........................................................................................................................5 2.1 Qualifications ...................................................................................................................................5 2.2 Credits and Notional Learning Hours ...............................................................................................5 2.2.1 Guidelines for Independent Learning Hours for Skills Training Courses .....................................6 2.2.2 Guidelines for Independent Learning Hours for Higher Education Qualifications ......................6 3. General Academic Regulations ................................................................................................................7 3.1 Entry Requirements and Exemptions ..................................................
Words: 12086 - Pages: 49
...10 Principles of Economics Supply and Demand * Supply and demand are inversely proportional: When supply rises, demand falls. For instance, when the housing market in a certain region is flooded with homes for sale, sellers drop the price to attract a buyer. However, single homes for sale in exclusive neighborhoods might have more potential buyers than sellers. In these instances, the price of the home rises. Inflation and Unemployment * Gregory Mankiw, Harvard Economics professor and author of "Principles of Economics" explains that society experiences a short-run trade-off with rising prices and unemployment: As the monetary supply expands and inflation occurs, unemployment rises. However, the Phillips curve indicates that in the long-run, inflation has no bearing on levels of unemployment. Effects of Price Controls * Price controls, like setting food prices in the former Soviet Union or rent control in New York, have negative effects for both buyers and sellers. Price ceilings create shortages and rationing of goods, and price floors create disincentives to improve on the quality of a good when it cannot be sold at the equilibrium price. Elasticity * Elasticity measures price responsiveness of a good or service. If the demand for a product changes significantly when the price changes, it is considered elastic. Examples of elastic goods include makeup and concert tickets. Inelastic goods show little or no change in demand when the price changes. Examples...
Words: 6499 - Pages: 26
...Report on the Textbook Rental System at Appalachian State University Prepared by the University Bookstore Committee March 24, 2006 Glenn Ellen Starr Stilling, Chairperson Dr. Patricia E. Allen Dr. Terry Wayne Cole Michael G. Coston (ex officio) Dr. John P. Geary Christopher Pereira Dr. Thomas Patrick Rardin Rebecca Jean Stamilio Laura Westmoreland, Secretary 2 C ontents Executive summary........................................................................ 3 Introduction ................................................................................... 4 The committee’s process................................................................. 5 Economic background of textbook price increases .......................... 6 1. 2. 3. 4. 5. Price increases in recent years ................................................................6 Why are these increases happening? ......................................................7 How have students responded to textbook price increases? ....................10 Possible remedies for high prices ............................................................11 Predictions about the future of textbook prices .......................................14 Faculty viewpoints on the textbook rental system ........................... 15 Student viewpoints on the textbook rental system .......................... 20 Recommendations.......................................................................... 24 Rationale for the recommendations...
Words: 16404 - Pages: 66
...ALLIED AMERICAN UNIVERSITY Personalized. Flexible. Dedicated. Online Programs – Individual Support – Open Enrollment – Ease of Transfer Credits UNIVERSITY CATALOG 2013 Seventh Edition 22952 Alcalde Drive, Laguna Hills, CA 92653 Phone: (888) 384-0849 ∼ Fax: (949) 707-2978 7:00 A.M. – 5:00 P.M. (Monday – Friday) Email: info@allied.edu Website: www.allied.edu KEY STAFF AND FACULTY Charlotte Hislop, Ph.D. Candidate, President/CEO Bonny Nickle, Ed.D., Provost Eric Sharkey, M.Ed., Director of Education Bill Luton, Ph.D., Director of Assessment and Dean of Business Carlo Tannoury, Ph.D. Candidate, Dean of Computer Information Systems Patricia Drown, Ph.D., Dean of Criminal Justice and General Studies C.J. Bishop, M.B.A., Institutional Research Frank Vazquez, Operations Director Parrish Nicholls, J.D., Director of Compliance Lindsay Oglesby, Admissions Director Abby Dolan, B.A., Registrar Sasha Heard, M.B.A., Student Services Manager Barbara Jobin, B.S.B.A., Career Center Manager Hugo Aguilar, B.A., Chief Financial Officer Richard Madrigal, B.A., Financial Aid Officer As a prospective student at Allied American University, you are encouraged to review this catalog prior to signing an enrollment agreement. You are also encouraged to review the student performance fact sheet which must be provided to you prior to signing an enrollment agreement. This catalog is not a contract between the student, AAU, or any party or parties. Reasonable effort was made at the time this document...
Words: 52297 - Pages: 210
...Education in the People's Republic of China is a state-run system of public education run by the Ministry of Education. All citizens must attend school for at least nine years. The government provides primary education for six years, starting at age six or seven, followed by six years of secondary education for ages 12 to 18. Some provinces may have five years of primary school but four years for middle school. There are three years of middle school and three years of high school. The Ministry of Education reported a 99 percent attendance rate for primary school and an 80 percent rate for both primary and middle schools. In 1985, the government abolished tax-funded higher education, requiring university applicants to compete for scholarships based on academic ability. In the early 1980s the government allowed the establishment of the first private schools. The population has had on average only 6.2 years of schooling, but in 1986 the government set the goal of nine years of compulsory education for students by the year 2000. The United Nations Development Program reported that in 2003 China had 116,390 kindergarten classes with 613,000 teachers and 20 million students. At that time, there were 425,846 primary schools with 5.7 million teachers and 116.8 million students. General secondary education had 79,490 institutions, 4.5 million teachers, and 85.8 million students. There also were 3,065 specialized secondary schools with 199,000 teachers and 5 million students. Among these...
Words: 13191 - Pages: 53
...1028. One indicia of independent contractor (rather than employee) status is when the individual performing the services is paid based on tasks performed (rather than time spent). *a. True b. False 1029. In some cases it may be appropriate for a taxpayer to report work-related expenses by using both Form 2106 and Schedule C. *a. True b. False 1030. The IRS will issue advanced rulings as to whether a worker’s status is that of an employee or an independent contractor. *a. True b. False 1031. Jake performs services for Maude. If Maude provides Jake with a helper and tools, this is indicative of independent contractor (rather than employee) status. a. True *b. False 1032. A statutory employee is not a common law employee but is subject to income tax withholdings. a. True *b. False 1033. For tax purposes, a statutory employee is not treated the same as a common law employee. *a. True b. False 1034. If an individual is subject to the direction or control of another only to the extent of the end result but not as to the means of accomplishment, an employer-employee relationship does not exist. *a. True b. False 1035. The work-related expenses of an independent contractor will be subject to the 2%-of-AGI floor. a. True *b. False 1036. After she finishes working at her main job, Ann returns home, has dinner, then drives to her second job. Ann may deduct the mileage between her home and second job. a. True *b. False 1037. After...
Words: 9947 - Pages: 40
...and future Global enrolment in tertiary education has increased dramatically in the last few decades. In 2000, there were 99.4m students enrolled in higher education institutions. In 2030, research expects this number to rise to 414.2m. South Asia's proportion of global enrolment has been rapid: the region constituted only 12.15% of global enrolment in 2000, but this is expected to grow to over 20% in 2030. Growing economies and youthful population are driving continued growth in the region's appetite for higher education. Current demand outstripping supply South Asia's universities are already feeling the crunch, with insufficient university places. Private universities have been growing trend, but the large influx of such institutions raise concerns over quality assurance mechanisms. Number of "A" level student per available university space 23 Afghanistan 3.58 4.79 1.49 2.39 1.13 4.89 Source:...
Words: 5123 - Pages: 21
...Quality Management Journal, 6(2), 9-21 (1999). HOW TO IMPROVE TEACHING QUALITY Richard M. Felder Department of Chemical Engineering North Carolina State University Rebecca Brent College of Engineering North Carolina State University An announcement goes out to the faculty that from now on the university will operate as a total quality management campus. All academic, business, and service functions will be assessed regularly, and quality teams will plan ways to improve them. A campus quality director and a steering team are named, with the director reporting to the Provost. All university departments appoint quality coordinators, who attend a one-day workshop on quality management principles and return to their departments to facilitate faculty and/or staff meetings at which quality improvement is discussed. Many faculty members are irate. They argue that TQM was developed by and for industry to improve profits, industry and the university are totally different, and talking of students as "customers" is offensive and makes no sense. They make it clear that they will have nothing to do with this scheme and will view any attempt to compel them to participate as a violation of their academic freedom. What happens then is…practically nothing. Some changes are made in business and service departments, some curricula are revised, and a few instructors make changes in what they do in their classrooms but most go on teaching the way they have always taught. After two or three...
Words: 7432 - Pages: 30
