ECON 261 Lecture 17: dq3
Document Summary
In a college classroom there is the cost associated in running the course. The returns that accrue are by way of the fees that the students pay for the course. There are certain fixed costs for every course. These are: teacher remuneration, infrastructure cost for the classroom and its furniture, equipment and lighting, cost of power and other utilities. These are the same irrespective of the fact whether one student takes the course or sixty students take the course. Greater the number of students is better since this cost is spread over more students. This is because there are very little variable costs for the course. Only costs could be: cost of photocopied notes and course material, cost of conducting examinations and tests. Costs of printing questions papers, providing blank answer sheets as well as providing staff to conduct the examinations/tests. Thus the economies of scale can be achieved in a classroom course when there are mothe course.
