Microeconomics Essay Example | Topics and Well Written Essays - 750 words - 10

Microeconomics - Essay ExampleObviously, from the economic point of view, the higher the quantity and then the higher the price associated with each, the higher the revenue. This makes sense, because change magnitude the pricing for the conjugate quantity can remarkably improve revenue growth. On the separate hand, this is not the usual case in the real world. There is also a case by which the revenue will fall, after increasing the price.If on the other hand, the students are not willing to pay for an increase tuition slant at nonspecific urethritis, they may also consider the possibility of going to an alternative University with at least lower or affordable tuition fees. This means that increasing the tuition at NSU will definitely decrease the number of enrolees in the semester. This leads to the possibility of lower revenue even if the tuition is set a bit higher this time. If the number of enrolees significantly dropped down until to the point that the revenue is highly aff ected, then increasing the tuition is not going to be a good idea.The revenue will remain the same, provided that there are students who still enrol at the NSU, and others considering the other universities. If at some point, the number of students who enrolled at NSU will be at least lower from the previous, but when the amount of tuition increase will still compensate the amount of revenue at the past, then this is the case that the NSU will most likely to arrest the same revenue, but then the number of students must have been significantly cut down at some point.If students are still enrolling at NSU despite higher tuition, the university must have significant assets that the students cannot just simply eliminate. The university might have sound and standard quality of education or excellent service performance that the students will now be hesitant to change their university. In other words, they cannot find substitute that might be as excellent as