A Small Private University Normally Charges the Same Price -$200-Per

question 4

Essay

A small private university normally charges the same price -$200-per credit-hour for all courses and for all students.While the university is pretty near capacity in the fall and spring,it finds that its classrooms are only about 60 percent occupied during the summer session.A student of operations management wonders if revenue management might be useful to both the university and its students alike.This student,with help from some economics majors,estimates a demand curve for summer course enrollment.Points on this demand curve include 9000 credit-hours at the current rate of $200,12,000 credit hours at $180,15,000 credit-hours at $160,and 18,000 credit-hours at $140.Based on this demand curve,what price point would best serve the university,if its objective is the greatest revenue for the summer session?

---

Definitions:

Self-Debasement

The act of lowering one’s own dignity or worth through critical self-evaluation or demeaning behavior.

Self-Efficacy

An individual's belief in their own ability to succeed in specific situations or accomplish a task.

Socialize Babies

The process by which infants are taught the norms, values, and behaviors deemed appropriate in their society, beginning at a very young age.

Emotion-Focused

A coping strategy that involves dealing with emotions caused by a stressful event, rather than addressing the event itself.