1- Let's examine the history of LSUS undergraduate enrollment vs. its tuition and fees. Download the "A3Q1 LSUS enrollment data" Excel file; in it you will see historical information on LSUS undergraduate enrollment, total credit hour production, and (12-hour, undergraduate) tuition and fees. (If you wish, you can verify or look up additional information here, here, and here.)

Calculate annual elasticities for both types of quantity variables (i.e., you will have an elasticity of price vs. headcount, and one of price vs. credit hour).

You will get an error message in your calculations when the tuition does not change (like in 2006-2007), since the elasticity calculation will be trying to divide by zero; just delete those error values in your Excel table so that the cells are blank.

The first headcount elasticity will be calculated based on the 2005 and 2006 values of tuition and headcount and should be about -3.283; the first credit hour elasticity will also be based on the 2005 and 2006 values and should be about -2.855).

Calculate the average annual elasticity for headcount (from 2005-2019), and the average annual elasticity for credit hour (from 2005-2019). Many administrators argue that, to increase revenue to LSUS to cover budget shortfalls, tuition should be raised. Comment on this suggestion, using the evidence you have uncovered.

Year undergrad enrollment total LSUS credit hour production undergrad tuition and fees 2005 3,940 100,131 $1,521 2005 3,594 92,435 $1,557 2007 3,555 92,123 $1,557 2003 3,903 94,539 $1,751 2009 4,220 101,972 $1,357 2010 4,053 93,137 $2,052 2011 4,134 93,372 $2,247 2012 4,124 93,153 $2,472 2013 3,574 35,292 $2,303 2014 3,202 37,907 $3,034 2015 2,775 91,021 $3,355 2015 2,537 94,077 $3,417 2017 2,533 115,340 $3,417 2013 2,511 137,457 $3,553 2019 2,577 155,057 $3,553