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Ryanteck Ryanteck
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6 years ago
Related to the Economics in Practice on page 178: A college has an annual operating budget of $120 million. It educates and houses 1,500 students, for an average cost of $80,000 per student per year. Revenues per student from tuition, room, and board are considerably less than $80,000. Which of the following, if true, would strengthen the claim that increasing the number of students educated per year will result in a net financial gain for the college?
A) The vast majority of the operating budget is composed of fixed costs.
B) The college expects that it will be able to maintain its academic standards even if it increases enrollment.
C) Spending more than it earns will force the college to either borrow or use some of its endowment to make up the difference.
D) Other colleges spend more than $80,000 per student per year.
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DeToXiFYDeToXiFY
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6 years ago
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Ryanteck Author
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6 years ago
Thanks for your help!!
mambah4
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Yesterday
This helped my grade so much Perfect
Katey_maree
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2 hours ago
Brilliant ツ
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