Figure 15-17

Your college decides to offer a psychology course as a MOOC that can be taken by students anywhere in the world, whether they are actually enrolled in your college or not. The demand and cost situation for the MOOC is shown in the figure.
-Refer to Figure 15-17.The faculty member who designed the course argues: "I think the course should be priced so that the maximum number of students enroll." Which price should this faculty member favor?

Question

Figure 15-17
  
Your college decides to offer a psychology course as a MOOC that can be taken by students anywhere in the world, whether they are actually enrolled in your college or not. The demand and cost situation for the MOOC is shown in the figure.
-Refer to Figure 15-17.The faculty member who designed the course argues: "I think the course should be priced so that the maximum number of students enroll." Which price should this faculty member favor?

Quizplus · Accepted Answer

According to the figure, the demand for the course is highest at a price of $0, with a total of 10,000 students enrolling. As the price increases, the demand for the course decreases, resulting in fewer students enrolling. Therefore, if the faculty member wants to maximize the number of students enrolling in the course, they should favor a price of $0.

Figure 15-17 Your College Decides to Offer a Psychology Course as a a Psychology