Explain The Process Of Revenue At Nsu

THIS PAPER IS FOR REFERENCE PURPOSE ONLY DO NOT SUBMIT IT TO YOUR SCHOOL Raise or Lower Tuition Name Institution Assess a raise in tuition and if it will necessarily result in more revenue. A raise in tuition fee may increase, decrease or make total revenues remain constant. These effects are measured by the elasticity of tuition with respect to enrollment. If the tuition represents price and enrollment represent demand, the revenue can be assessed from the tuition demand function. If the enrollment is inelastic with respect to tuition, a unit increase in tuition fee leads to a less than proportionate reduction in enrollment. Implying tuition fee rise will increase total revenues (McConnell et al, 2015). A raise in tuition, when the enrollment elasticity to tuition fee is highly elastic, will result in less revenue. In such a case, a unit increase in tuition fee will result to a more than proportionate reduction in enrollment. Since the students enrolled will be few, the revenue obtained from them will be less. A raise in tuition, when the enrollment is unitary elastic, will not change the total revenue. A unit raise in tuition will result in a proportionate reduction in enrollment, hence,