Question : If The new Vice Chancellor has asked you for advice on whether she should consolidate or expand the programs.What would be your response? Prove your answer using the information in the table? StudentsTotal cost ($)MC (S)7,259AC (S)Undergraduate13,7507,659105,311,25027,5006,5487,348202,070,0007,03841,25055,0005,8385,1256,727369,985,00068,7504,4176,417441,168,75082,5003,7066,106503,745,000AC (S)Total cost ($)MC (S)6,541StudentsGraduate2,75012,14033,385,0005,5006,8219,39951,697,0007,1027,3838,2508,67211,0008,36592,015,00013,7507,6648,249113,423,75016,5007,9458,228135,762,000

With the rise on the number of students in the undergraduate course The Marginal cost for…

Question : If The new Vice Chancellor has asked you for advice on whether she should consolidate or expand the programs.What would be your response? Prove your answer using the information in the table?

Question : If The new Vice Chancellor has asked you for advice on whether she should consolidate or expand the programs.What would be your response? Prove your answer using the information in the table?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.

Question

Students
Total cost ($)
MC (S)
7,259
AC (S)
Undergraduate
13,750
7,659
105,311,250
27,500
6,548
7,348
202,070,000
7,038
41,250
55,000
5,838
5,125
6,727
369,985,000
68,750
4,417
6,417
441,168,750
82,500
3,706
6,106
503,745,000
AC (S)
Total cost ($)
MC (S)
6,541
Students
Graduate
2,750
12,140
33,385,000
5,500
6,821
9,399
51,697,000
7,102
7,383
8,250
8,672
11,000
8,365
92,015,000
13,750
7,664
8,249
113,423,750
16,500
7,945
8,228
135,762,000

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