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Pages:
1 page/≈275 words
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Style:
APA
Subject:
Business & Marketing
Type:
Case Study
Language:
English (U.S.)
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Topic:

Analyzing Managerial Decisions: Setting Tuition and Financial Aid

Case Study Instructions:

All questions should be answered for each case study. If calculations would enhance your commentary, it is strongly urged that you include these calculations. The length of a case study is determined by how well you include the requested information. 
Succinct, complete answers that show that you have prepared your writing with thought and reflection are preferable to answers that ramble and are not reflective of the course content. A complete, well-developed response can be given in several paragraphs or a page depending on the question and your ability to articulate your answer. 
You are encouraged to use textbook concepts listed in chapter outline as you attempt to explain in your own words the answers to the assignments. 

Case Study Sample Content Preview:

Analyzing Managerial Decisions: Setting Tuition and Financial Aid
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You are asked to evaluate a recommendation by the college’s Admission Director, Susan Hansen to increase tuition and to reduce financial aid to students
Typically, the demand curve slopes downwards as buyers are willing to purchase less as the price increases. Managers also rely on the law on demand when deciding on changing prices while also taking into account the effect of elasticity on total revenue. If the demand price elasticity is elastic (greater than 1) then an increase in price results to a reduction in total revenue. On the hand, if there is inelastic demand for college education then fees increase would result to higher total fees receipts
Susan assumes that by increasing the tuition cost then more people will be attracted to the school with tuition fees increasing from $ 600,000,000 for 400 enrolled students to $ 15,000,000 for 6...
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