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