Let's examine the history of LSUS undergraduate enrollment vs. its tuition and fees. Download the "A3Q1 LSUS enrollment data" Excel file (in CSV format if you don't have Excel); in it you will see historical information on LSUS undergraduate enrollment, total credit hour production, and (12-hour) 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 doesn't change from 2006-2007 and 2016-2017, 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 2002 and 2003 values of tuition and headcount and should be about 0.158; the first credit hour elasticity will also be based on the 2002 and 2003 values and should be about 0.274).

Calculate the average annual elasticity for headcount (from 2002-2018), and the average annual elasticity for credit hour (from 2002-2018).

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've uncovered.

Home Insert Page Layout Formulas Data Review View Help File Calibri - 11 - AA ab Wrap Text General Paste LA B IU ~ Merge & Center $ ~ % Font Alignment Numb Clipboard L8 A B D E 1 Year undergrad enrollment total LSUS credit hour production undergrad tuition and fees 2002 3,543 96,039 $1, 184 3 2003 3,655 101,352 $1,442 2004 3,910 101,868 $1,545 5 2005 3,940 100,181 $1,621 6 2006 3,594 92,486 $1,667 7 2007 3,556 92,123 $1,667 8 2008 3,903 94,639 $1, 751 9 2009 4,220 101,972 $1,867 10 2010 4,058 98 ,137 $2,062 11 2011 4,134 98,372 $2,247 12 2012 4,124 93, 163 $2,472 13 2013 3,674 85,292 $2,803 14 2014 3,202 87,907 $3,084 15 2015 2,775 91,021 $3,355 16 2016 2,587 94,077 $3,417 17 2017 2,638 115,340 $3,417 18 2018 2,511 137,467 $3,663 19 20 21 22 A3Q1 data + O e O P W