1. Why does the fact that nonprofit colleges typically seek to maximize the differential between total revenues...

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1. Why does the fact that nonprofit colleges typically seek to maximize the differential between total revenues and costs mean that they essentially behave like profit-maximizing firms?

2. Why do you suppose that economists regard tenured faculty members at colleges as fixed labor inputs that generate fixed costs for these schools?

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Economics Today The Macro View

ISBN: 9780133884876

18th Edition

Authors: Roger LeRoy Miller

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Question Posted: Jan 09, 2017 10:14 AM

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1. Why does the fact that nonprofit colleges typically seek to maximize the differential between total revenues...

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Economics Today The Macro View

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