ECO204 Raise or Lower Tuition

You have been hired by Nobody State University (NSU) as a consultant to help the university with how to increase their total revenue. The university has been struggling in recent years, so they have hired you to help them in their last attempt to find an appropriate solution so that the university can survive. 

Raise or Lower Tuition? Suppose that, in an attempt to raise more revenue, Nobody State University increases its tuition. 

Assess a raise in tuition and if it will necessarily result in more revenue.
Describe the conditions under which revenue will (a) rise, (b) fall, or (c) remain the same.
Explain the process of revenue at NSU, focusing on the relationship between the increased revenue from students enrolling at NSU despite the higher tuition and the lost revenue from possible lower enrollment.
If the true price elasticity were (-1.2), discuss what you would suggest the university do to expand revenue.
Using what you have learned in this course, explain how you would resolve this problem if you were the President of NSU.

In a three- to five-page paper (not including title and reference pages), provide subheadings or separate paragraphs for each of the questions listed to help focus your paper for the executives that have requested it. Support your paper with at least two academic sources from the Ashford Library.

You are required to format you paper according to APA style guidelines. 

Additional Requirements 

Min Pages: 3 
Max Pages: 5 
Level of Detail: Show all work 
Other Requirements: Grading Rubric

Description:

Total Possible Score: 12.00
Assess a Raise in Tuition and If It Will Result in More Revenue
Total: 2.00
Distinguished - Provides a thorough assessment of raising tuition and if it will result in more revenue.
Proficient - Provides an assessment of raising tuition and if it will result in more revenue, but minor details are missing or unclear.
Basic - Provides a limited assessment of raising tuition and if it will result in more revenue. Some relevant details are missing or unclear.
Below Expectations - Provides an incomplete assessment of raising tuition and if it will result in more revenue. Many relevant details are missing or unclear.
Non-Performance - The assessment of raising tuition and if it will result in more revenue is either nonexistent or lacks the components described in the assignment instructions.

Describes the Conditions Under Which Revenue will Rise, Fall, or Remain the Same
Total: 2.00
Distinguished - Clearly and thoroughly describes the conditions under which revenue will rise, fall, or remain the same.
Proficient - Clearly describes the conditions under which revenue will rise, fall, or remain the same, but minor details are missing.
Basic - Somewhat describes the conditions under which revenue will rise, fall, or remain the same. Relevant details are missing.
Below Expectations - Attempts to describe the conditions under which revenue will rise, fall, or remain the same; however, significant details are missing.
Non-Performance - The description of the conditions under which revenue will rise, fall, or remain the same is either nonexistent or lacks the components described in the assignment instructions.

Explains the Process of Revenue at NSU
Total: 2.00
Distinguished - Thoroughly explains the process of increased revenue from students enrolling at NSU and lost revenue from lower enrollment.
Proficient - Mostly explains the process of increased revenue from students enrolling at NSU and lost revenue from lower enrollment.
Basic - Somewhat explains the process of increased revenue from students enrolling at NSU and lost revenue from lower enrollment.
Below Expectations - Minimally explains the process of increased revenue from students enrolling at NSU and lost revenue from lower enrollment.
Non-Performance - The explanation of the process of revenue is either nonexistent or lacks the components described in the assignment instructions.

Discusses Suggestions to Expand Revenue
Total: 2.00
Distinguished - Discusses comprehensive and feasible suggestions for the university to expand revenue, demonstrating a clear relationship between the price elasticity and revenue.
Proficient - Discusses suggestions for the university to expand revenue, demonstrating the relationship between the price elasticity and revenue. Minor details are missing.
Basic - Partially discusses suggestions for the university to expand revenue, somewhat demonstrating the relationship between the price elasticity and revenue. Relevant details are missing.
Below Expectations - Attempts to discuss suggestions for the university to expand revenue; however, the suggestions are inappropriate or irrelevant to the relationship between the price elasticity and revenue.
Non-Performance - The discussion of suggestions to expand revenue is either nonexistent or lacks the components described in the assignment instructions.

Explains How to Resolve the Problem
Total: 1.00
Distinguished - Thoroughly explains how to resolve the problem using what has been learned in this class.
Proficient - Explains how to resolve the problem using what has been learned in this class. Minor details are missing.
Basic - Somewhat explains how to resolve the problem using what has been learned in this class. Relevant details are missing.
Below Expectations - Minimally explains how to resolve the problem using what has been learned in this class. Significant relevant details missing.
Non-Performance - The explanation of how to tackle the problem is either nonexistent or lacks the components described in the assignment instructions.

Critical Thinking: Explanation of Issues
Total: 0.80
Distinguished - Clearly and comprehensively explains in detail the issue to be considered, delivering all relevant information necessary for a full understanding.
Proficient - Clearly explains in detail the issue to be considered, delivering enough relevant information for an adequate understanding.
Basic - Briefly recognizes the issue to be considered, delivering minimal information for a basic understanding.
Below Expectations - Briefly recognizes the issue to be considered, but may not deliver additional information necessary for a basic understanding.
Non-Performance -The assignment is either nonexistent or lacks the components described in the instructions.

Written Communication: Content Development
Total: 0.50
Distinguished - Uses appropriate, pertinent, and persuasive content to discover and develop sophisticated ideas within the context of the discipline, shaping the work as a whole.
Proficient - Uses appropriate and pertinent content to discover ideas within the context of the discipline, shaping the work as a whole.
Basic - Uses appropriate and pertinent content, but does not apply it toward discovering or developing ideas. Overall, content assists in shaping the written work.
Below Expectations - Uses content, though it may be unrelated or inappropriate to the topic. Content does not contribute toward the development of the written work, and may distract the reader from its purpose.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Written Communication: Context of and Purpose for Writing
Total: 0.50
Distinguished - Demonstrates methodical application of organization and presentation of content. The purpose of the writing is evident and easy to understand. Summaries, quotes, and/or paraphrases fit naturally into the sentences and paragraphs. Paper flows smoothly.
Proficient - Demonstrates sufficient application of organization and presentation of content. The purpose of the writing is, for the most part, clear and easy to understand. There are some problems with the blending of summaries, paraphrases, and quotes. Paper flows somewhat smoothly.
Basic - Demonstrates a limited understanding of organization and presentation of content in written work. The purpose of the writing is somewhat evident, but may not be integrated throughout the assignment. There are many problems with the blending of summaries, paraphrases, and quotes. Paper does not flow smoothly in all sections.
Below Expectations - Organization and presentation of content is extremely limited. The purpose of the writing is unclear. There is little or no blending of summaries, paraphrases, and quotes. Paper does not flow smoothly when read.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Written Communication: Control of Syntax and Mechanics
Total: 0.30
Distinguished - Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors, and is very easy to understand.
Proficient - Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors, and is mostly easy to understand.
Basic - Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors, which may slightly distract the reader.
Below Expectations - Fails to display basic comprehension of syntax or mechanics, such as spelling and grammar. Written work contains major errors, which distract the reader.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Written Communication: APA Formatting
Total: 0.30
Distinguished - Accurately uses APA formatting consistently throughout the paper, title page, and reference page.
Proficient - Exhibits APA formatting throughout the paper. However, layout contains a few minor errors.
Basic - Exhibits basic knowledge of APA formatting throughout the paper. However, layout does not meet all APA requirements.
Below Expectations - Fails to exhibit basic knowledge of APA formatting. There are frequent errors, making the layout difficult to distinguish as APA.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Written Communication: Page Requirement
Total: 0.30
Distinguished - The paper meets the specific page requirement stipulated in the assignment description.
Proficient - The paper closely meets the page requirement stipulated in the assignment description.
Basic - The paper meets over half of the page requirement stipulated in the assignment description.
Below Expectations - A fraction of the page requirement is completed.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Written Communication: Resource Requirement
Total: 0.30
Distinguished - Uses more than the required number of scholarly sources, providing compelling evidence to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.
Proficient - Uses required number of scholarly sources to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.
Basic - Uses less than the required number of sources to support ideas. Some sources may not be scholarly. Most sources on the reference page are used within the body of the assignment. Citations may not be formatted correctly.
Below Expectations - Uses inadequate number of sources that provide little or no support for ideas. Sources used may not be scholarly. Most sources on the reference page are not used within the body of the assignment. Citations are not formatted correctly.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.