Cost and Financing in Open Schooling/ How Student Numbers Affect Costs/Average Costs/Answers to Self-Test

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When Student Numbers Grow When Student Numbers Decline
Fixed Costs Total

Fixed Costs

Stay the Same Stay the Same
Average

Fixed Costs

Decrease Increase
Variable Costs Total

Variable Costs

Increase Decrease
Average

Variable Costs

Stay the Same Stay the Same

Source: Adapted from Rumble, 1997, Figure 5.2, page 37.


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