You have been hired by Nobody State University (NSU)

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.