Question
Which of the following is known as unit cost?
The correct answer is
Total expenditure by the institution divided by total number of students
With the student as the unit, unit cost is total institutional expenditure divided by the number of students for the same reference period. It is average expenditure per student, not total expenditure or income minus expenditure.
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Important Questions from Cost of Quality - Teaching
A group of institutions invested Rs 200 crore in 2010 to improve learning outcomes. To compare this programme with an alternative by calculating cost per unit of measured learning gain, without assigning a monetary value to the gain, which analysis should it use?
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