Qu = 25,000 – Pu where Qu = undergraduate enrollment and Pu = undergraduate tuition. Graduate enrollment is given by: Qg
Posted: Sun Jun 05, 2022 4:13 pm
Qu = 25,000 – Pu
where Qu = undergraduate enrollment and Pu = undergraduate
tuition.
Graduate enrollment is given by:
Qg = 13,500 – 0.5Pg.
where Qg = graduate enrollment and Pg = graduate tuition.
a. If the goal of the university is to maximize total revenue,
determine tuition, enrollment and demand elasticity for each type
of student.
where Qu = undergraduate enrollment and Pu = undergraduate
tuition.
Graduate enrollment is given by:
Qg = 13,500 – 0.5Pg.
where Qg = graduate enrollment and Pg = graduate tuition.
a. If the goal of the university is to maximize total revenue,
determine tuition, enrollment and demand elasticity for each type
of student.