question archive What is first headcount elasticity that will be calculated based on the 2000 and 2001 values of tuition and headcount? And the first credit hour elasticity will also be based on the 2000 and 2001 values? Year undergrad enrollment total credit hour production undergrad tuition and fees 2000 3422 90624 $1025 2001 3419 94446 $1150
What is first headcount elasticity that will be calculated based on the 2000 and 2001 values of tuition and headcount? And the first credit hour elasticity will also be based on the 2000 and 2001 values? Year undergrad enrollment total credit hour production undergrad tuition and fees 2000 3422 90624 $1025 2001 3419 94446 $1150
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What is first headcount elasticity that will be calculated based on the 2000 and 2001 values of tuition and headcount? And the first credit hour elasticity will also be based on the 2000 and 2001 values?
| Year | undergrad enrollment | total credit hour production | undergrad tuition and fees |
| 2000 | 3422 | 90624 | $1025 |
| 2001 | 3419 | 94446 | $1150 |
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Let us compute the first headcount elasticity based on the value of tuition and headcount. The formula is:
- First headcount elasticity = Change in number of undergrad enrollment / Change in undergrad tuition fees
- First headcount elasticity= (3419 - 3422) / ($1150 - $1025)
- First headcount elasticity = (3) / 125 = (0.024)
The first headcount elasticity is a negative 0.024.
Let us compute the credit hour elasticity. The formula is:
- Credit hour elasticity = Change in number of undergrad enrollment / Change in credit hour production
- Credit hour elasticity = (3419 - 3422) / (94446 - 90624)
- Credit hour elasticity = (3) / 3,822 = (0.00078)
The credit hour elasticity is a negative 0.00078.
