MC ($) 7,259 Students AC ($) Total cost ($) Undergraduate 13,750 7,659 105,311,250 27,500 6,548 7,348 202,070,000 7,038 41,250 55,000 5,838 5,125 6,727 369,985,000 68,750 4,417 6,417 441,168,750 82,500 3,706 6,106 MC ($) 6,541 503,745,000 Total cost ($) Students АC (S) Graduate 2,750 12,140 33,385,000 5,500 6,821 9,399 51,697,000 8,250 11,000 7,102 8,672 8,365 7,383 92,015,000 13,750 7,664 8,249 113,423,750 16,500 7,945 8,228 135,762,000

EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN:9781337668279
Author:Henderson
Publisher:Henderson
Chapter4: Economic Evaluation In Health Care
Section: Chapter Questions
Problem 7QAP
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Question : (a)             From the given figure,  What are the main differences between the universities’ cost structures for undergraduates and graduates? 

(b)        Explain the differences that you have identified?

Students
Total cost ($)
MC (S)
7,259
AC (S)
Undergraduate
13,750
7,659
105,311,250
27,500
6,548
7,348
202,070,000
7,038
41,250
55,000
5,838
5,125
6,727
369,985,000
68,750
4,417
6,417
441,168,750
82,500
3,706
6,106
503,745,000
AC (S)
Total cost ($)
MC (S)
6,541
Students
Graduate
2,750
12,140
33,385,000
5,500
6,821
9,399
51,697,000
7,102
7,383
8,250
8,672
11,000
8,365
92,015,000
13,750
7,664
8,249
113,423,750
16,500
7,945
8,228
135,762,000
Transcribed Image Text:Students Total cost ($) MC (S) 7,259 AC (S) Undergraduate 13,750 7,659 105,311,250 27,500 6,548 7,348 202,070,000 7,038 41,250 55,000 5,838 5,125 6,727 369,985,000 68,750 4,417 6,417 441,168,750 82,500 3,706 6,106 503,745,000 AC (S) Total cost ($) MC (S) 6,541 Students Graduate 2,750 12,140 33,385,000 5,500 6,821 9,399 51,697,000 7,102 7,383 8,250 8,672 11,000 8,365 92,015,000 13,750 7,664 8,249 113,423,750 16,500 7,945 8,228 135,762,000
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