A College Would Like to Increase Enrollment by Streamlining the Enrollment

question 102

Multiple Choice

A college would like to increase enrollment by streamlining the enrollment process. Which of the following would not fall in line with the college goal?

• A) Reduce the requirements necessary to enroll.
• B) Relocate counselors, academic advisors, and financial aid specialists for a major to a central location.
• C) Cross-train counselors, academic advisors, and financial aid specialists.
• D) All of the above would fall in line with the college goal.

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Definitions:

Good

A material item or service that satisfies a want or need and is available for sale or trade.

Deadweight Loss

Deadweight loss represents the efficiency lost to an economy because of market inefficiencies or interventions, where resources are not allocated optimally.

Consumer Surplus

The misalignment between the price consumers are willing to allocate for a good or service and the price they actually allocate.

Producer Surplus

The difference between what producers are willing to sell a good for and the actual market price they receive, representing the profit producers make.