The Exorbitant Course Fees -What Is a Full Set of Constraints for This Problem

question 82

Essay

The Exorbitant Course Fees. The $75 per credit hour course fee tacked on to all the MBA classes has generated a windfall of $56,250 in its first semester. "Now we just need to make sure we spend it all," the Assistant Dean cackled. She charged the Graduate Curriculum Committee with generating a shopping list before their next meeting. Four months later, the chairman of the committee distributed the following. As the professor for the quantitative modeling course, he tended to think in terms of decision variables, so he added the left-most column for ease of use.
$$\begin{array} { | c | l | l | l | } \hline \begin{array} { l } \text { Decision } \\\text { Variable }\end{array} & \text { Item } & \text { Cost } & \text { Note } \\\hline \text { A } & \text { iPads for everybody } & \$ 750 / \text { unit } & \text { Must get a cover if these are purchased } \\\hline \text { B } & \text { iPad covers with MBA logo } & \$ 25 / \text { unit } & \text { Not needed unless we buy iPads } \\\hline \text { C } & \text { Speaker series } & \$ 15,000 & \text { Can't afford both this and the iPads } \\\hline \text { D } & \begin{array} { l } \text { Subscriptions to the Wall } \\\text { Street Joumal }\end{array} & \$ 10 / \text { unit } & \text { Don't need if we have the electronic version } \\\hline & \begin{array} { l } \text { Subscriptions to the } \\\text { electronic version of the Wall }\end{array} & & \\\text { E } & \begin{array} { l } \text { Street Joumal }\end{array} &\$5/unit& \text { Worthless without the iPads } \\\hline\end{array}$$
-What is a full set of constraints for this problem if there are 30 MBA students enrolled this semester?

Learn how economic theories model the relationship between variables.

Analyze how sum of errors is used to evaluate the fit of a model.

Understand the significance of standard deviation in economic analysis.

Understand the basic principles of property law and related terminologies.

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Definitions:

Benign Uterine Tumor

A non-cancerous growth in the uterus, often referred to as a fibroid, that does not spread to other parts of the body.

Fibroma

A benign tumor made up of fibrous or connective tissue.

Laser Ablation

A technique that uses lasers to remove material from the surface of an object or through tissue removal in medical procedures by vaporizing the unwanted substance.

Uterine Lining

The layer of cells lining the uterus, known as the endometrium, which thickens in preparation for pregnancy.