Week 2 Concept Application
Assume you are an analyst with an online university say UOP. The Admissions Director (AD) wants to determine the optimum number of students for each ECO561 class. You are provided with the following data:
Tuition is $1250 per student.
Instructor Pay $2500
Other incidental (variable) costs - $1000.00
Variable cost increases by 10% per each additional student
Use Table 9.3 page 182 and the attached sample table as guide