Posted: February 1st, 2025
ECO 204 Principles of Microeconomics – Raise or Lower the cost of 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.
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