Student tuition at Boehring University is $180 per semester credit hour. The state supplements school revenue by S70 per semester credit hour. Average class size for a typical 3-credit course is 60 students. Labor costs are $4,000 per class, materials costs are $23 per student per class, and overhead costs are $28.000 per class. The multifactor productivity ratio currently is 1.35 and the labor productivity ratio is $200.89 per hour if the instructors work on an average of 14 hours per week for 16 weeks for each 3-credit class of 60 students. Coach Bjourn Toulouse led the Big Red Herrings to several disappointing football seasons. Only better recruiting wll return the Big Red Herrings to winning form. Because of the current state of the program, Boehring University fans are unlikely to support increases in the $192 season ticket price. Improved recruitment will increase overhead costs to $31,000 per class section from the current $28,000 per class section. The university's budget plan is to cover recruitment costs by increasing the average dass size to 80 students. Labor costs will increase to $7.200 per 3-credit course. Material costs will be about $30 per student for each 3-credit course. Tuition will be $250 per semester credit, which is supplemented by state support of $70 per semester credit. a. The multifactor productivity ratio with the university's plan to meet the expenses related to improving recruitment i [ (Enter your response rounded to two decimal places.)
Student tuition at Boehring University is $180 per semester credit hour. The state supplements school revenue by S70 per semester credit hour. Average class size for a typical 3-credit course is 60 students. Labor costs are $4,000 per class, materials costs are $23 per student per class, and overhead costs are $28.000 per class. The multifactor productivity ratio currently is 1.35 and the labor productivity ratio is $200.89 per hour if the instructors work on an average of 14 hours per week for 16 weeks for each 3-credit class of 60 students. Coach Bjourn Toulouse led the Big Red Herrings to several disappointing football seasons. Only better recruiting wll return the Big Red Herrings to winning form. Because of the current state of the program, Boehring University fans are unlikely to support increases in the $192 season ticket price. Improved recruitment will increase overhead costs to $31,000 per class section from the current $28,000 per class section. The university's budget plan is to cover recruitment costs by increasing the average dass size to 80 students. Labor costs will increase to $7.200 per 3-credit course. Material costs will be about $30 per student for each 3-credit course. Tuition will be $250 per semester credit, which is supplemented by state support of $70 per semester credit. a. The multifactor productivity ratio with the university's plan to meet the expenses related to improving recruitment i [ (Enter your response rounded to two decimal places.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Student tuition at Boehring University is $180 per semester credit hour. The state supplements school revenue by S70 per semester credit hour. Average class size for
a typical 3-credit course is 60 students. Labor costs are $4,000 per class, materials costs are $23 per student per class, and overhead costs are $28,000 per class. The
multifactor productivity ratio currently is 1.35 and the labor productivity ratio is $200.89 per hour if the instructors work on an average of 14 hours per week for 16 weeks
for each 3-credit class of 60 students.
Coach Bjourn Toulouse led the Big Red Herrings to several disappointing football seasons. Only better recruiting will return the Big Red Herrings to winning form.
Because of the current state of the program, Boehring University fans are unlikely to support increases in the $192 season ticket price. Improved recruitment will
increase overhead costs to $31,000 per class section from the current $28,000 per class section. The university's budget plan is to cover recruitment costs by
increasing the average class size to 80 students. Labor costs will increase to $7,200 per 3-credit course. Material costs will be about $30 per student for each 3-credit
course. Tuition will be s250 per semester credit, which is supplemented by state support of 570 per semester credit.
(Enter your response rounded to two decimal
a. The multifactor productivity ratio with the university's plan to meet the expenses related to improving recruitment is
places.)
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