Tuition Rising, Chapter 6

Tuition Rising, Chapter 6 - Chapter 6: Why Relative Prices...

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Chapter 6: Why Relative Prices Don’t Matter - consumers are sensitive to prices and when the price of apples increases relative to oranges, they tend to buy more oranges and fewer apples - does the same phenomenon occur when the relative cost of doing research in difference disciplines changes? not when the fields in which research costs are rising rapidly are the ones from which the university’s reputation is derived Cornell’s Strength in the Physical Sciences and Engineering - very strong in physical sciences and engineering with 4 Nobel Prize winners in physics department - always among leading institutions in the levels of federal research funding Increasing Costs of Research - (1) research conducted by physical scientists and engineers used to be theoretical in nature, but increasingly scientists now rely on sophisticated laboratory facilities - (2) indirect cost recoveries have decreased indirect costs = cost of administrating from the central university, the college, and the departments; depreciation on research equipment and the
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This note was uploaded on 09/20/2009 for the course ILRLE 6480 taught by Professor Ehrenbergr during the Fall '07 term at Cornell.

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