Many Large Universities Rent Out Parts of Their Campuses to Conference

question 118

Multiple Choice

Many large universities rent out parts of their campuses to conference groups during the summer because such groups cause little damage, require little staff attention, and bring in large amounts of income.A university's decision to rent its campus to a conference group is most clearly based on

• A)the idea that price and quantity selection is a single decision.
• B)the principle of decreasing returns to scale.
• C)marginal analysis.
• D)average cost considerations.

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