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Assume you are a new business analyst hired at 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 costs - $1000.00

Total cost increases by 10% per each additional student

How many students will you recommend to the AD?

What would be the profit for the given number of students?

Is this profit maximizing?

Now assume Total Cost increases by 15% per additional student

How many students will you recommend to the AD?

What would be the profit for the given number of students?

Is this profit maximizing?

What is the relevance of the marginal rule in both decision making?

Use Table 9.2 page 204 as guide

Here is a attachment of how it should be completed

Help me please I am not good at Microsoft Excel or Math

Attachment:- 1653705_1_ProfitMaximizationComputationUOPExample--5-.xlsx

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M91879615

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