Curves and Formulas
Time for a quick economics lesson. Every class in a post-secondary institution has a cost curve. It looks something like this: Once an instructor is assigned to a class, that class has a set cost to the university regardless of how many students enroll, shown above as the Cost Curve (CC). It’s mainly a function of the instructor’s salary and materials costs, which are very low in lecture courses, higher in laboratory courses, and highest in clinical courses. That CC







