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What happened when tuition and fees for Texas colleges were no longer controlled or mandated by the state legislature? Discuss the background conditions that led to this decision and how this affected state funding for higher education.
Sales Quantity
The total number of units sold within a specific period.
Discounted Payback Period
The period of time it takes for an investment's cash flows, discounted back to the present value, to cover its initial cost.
Degree of Operating Leverage
A financial metric that measures how a change in sales volume will affect a company's operating income due to fixed and variable costs.
Fixed Costs
Expenses that do not change with varying levels of production or sales, such as rent or salaries.
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