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We saw in the chapter opener that some colleges and private companies have launched online courses that anyone with an Internet connection can take. The
We saw in the chapter opener that some colleges and private companies have launched online courses that anyone with an Internet connection can take. The most successful of these "massive open online courses" (MOOCs) have attracted tens of thousands of students. Suppose that your college offers a M000 and spends a total of $200,000 on one-time costs to have instructors prepare the course material and to buy additional server capacity. The college administration estimates that the variable cost of offering the course will be $20 per student per course. This variable cost is the same, regardless of how many students enroll in the course. Source: Ed Silverman, "Can It Really Cost $2.6 Billion to Develop a Drug?," Wall Street Journal, November 21, 2014. a. Use this information to ll in the missing values in the table (enter your responses as whole numbers): Number of Students Taking Average Average Average Marginal the Course Total Cost Variable Cost Fixed Cost Cost 1,000 $ 200 $ $ 10,000 $ 20 $ $ $ 20,000 $. $ $ $
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