If the government provides public colleges, what tuition will achieve the efficient number of students? How much
Question:
If the government provides public colleges, what tuition will achieve the efficient number of students?
How much will taxpayers have to pay?
The marginal cost is a constant $6,000 per student per year. The marginal external benefit of a college education is a constant $4,000 per student per year.
Transcribed Image Text:
Price and cost (thousands of dollars per student) 10 8 2 0 20 D = MB 30 40 50 60 Students (thousands per year)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
In the graph you sent the efficient number of students is reached at the point where the marginal co...View the full answer
Answered By
Dinesh F
I have over 3 years of professional experience as an assignment tutor, and 1 year as a tutor trainee.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Show that {u 1 , u 2 } or {u 1 , u 2 , u 3 } is an orthogonal basis for R 2 or R 3 , respectively. Then express x as a linear combination of the u's. --0--0--0--0 = 2 and = 4 4 6 4
-
Use Exercise 53 to find 4 -1 (x) dx, given Exercise 53 Use the Fundamental Theorem to show that the following are true. f(x) = 2x + 3 if x 0 3 if x > 0. X 4
-
In Problems 516, write a general formula to describe each variation. The square of T varies directly with the cube of a and inversely with the square of d; T = 2 when a = 2 and d = 4
-
discuss the benefits and challenges of the employee job performance evaluation process as it relates to the ratings of an individual. For example, if an employer uses a standard Likert Scale (1...
-
Explain, using Theorems 4, 5, 7, and 9, why the function is continuous at every number in its domain. State the domain. 22. G(x) = V(1 + x*) 21. F(x) x2 + 5x + 6 23. R(x) = x + V2x - 1 sin x 24. h(x)...
-
Create fictionalconstructionbusiness . The assessments in this course are comprised of communication assignments revolving around this business. Your business can be loosely based on one you have...
-
Think of an experiment to measure diffusion coefficients that you could set up at home or in your apartment. Detail the equipment list. Estimate the amount of change you will observe. Will you be...
-
Summit Corp.s stock is currently selling at $32 per share. There are 1 million shares outstanding. The firm is planning to raise $2 million to finance a new project. What are the ex-rights stock...
-
Question 3 : Commodity Swaps ( 2 / 1 0 ) Suppose you are buying 1 0 0 barrels of oil every year for 3 years ( i . e . the first purchase is at the end of first year, and second is at the end of...
-
If the government offers students vouchers, what is the value of the voucher that will achieve the efficient number of students? The marginal cost is a constant $6,000 per student per year. The...
-
What is the efficient number of students? If all colleges are private, how many people enroll in college and what is the tuition? The marginal cost is a constant $6,000 per student per year. The...
-
After obtaining an understanding of an entity's internal controls, an auditor may assess control risk at the maximum for some assertions because the auditor: a. Believes internal control activities...
-
what is developmental psychology (or developmental science)? What do developmental psychologists/scientists do? What is the benefit of developmental psychology/science? Why study developmental...
-
Question: Read the document on this link: https://pui2022q4.tiiny.site/ 1. You form part of a company in South Africa and you have to continuously do business locally and internationally on the...
-
Carter Appliance is preparing its annual report for hte current fiscal year. The company's controller has asked for your help in determining how best to disclosure information about the following...
-
How much work ( in joules) is done in lifting a 45.57 newton box from the floor to a table that is 0.73 meters above the floor? Round your final answer to two decimal places. A ball is thrown...
-
Santa's Castle sells all types of Christmas decorations. On November 1 , 2 0 X 1 , Santa's Castle purchased 5 0 0 ornaments from a supplier for $ 9 0 0 . On November 2 , it spent $ 5 0 transporting...
-
At the beginning of last year, Creative Productions set variable overhead standards of 5 machine hours at a rate of $15 per hour for each product produced. During the year, 4,800 machine hours were...
-
Evaluate each logarithm to four decimal places. log 0.257
-
The U.S. dollar tumbled to a fresh 15-year low on persistent fears over the U.S. economic outlook. a. How do fears over the U.S. economic outlook influence the exchange rate? b. How does monetary...
-
If the Fed had agreed with Robert Shiller in December 2007, what actions might it have taken differently from those it did take? How could monetary policy prevent house prices from falling? Robert...
-
If the Fed had agreed with Robert Shiller in December 2007, what actions might it have taken differently from those it did take? How could monetary policy prevent house prices from falling? Robert...
-
Which if the following statements is FALSE? O a. O b. c. An insurance company will offer insurance to cover the risk of loss arising from moral hazards. Insurers will not pay for losses that are...
-
Brave Depth Mining is considering opening a new mine. Constructing the mine will cost 1 , 1 6 8 million dollars today. Starting one year from now, the mine will then be able to generate 2 0 8 million...
-
llll . 4 . The following table shows the rate of returns for large company stocks and Treasury bills ( T - bills ) for year 1 9 7 0 through 1 9 7 5 : Year Large co . stock return T - bill return 1 9...
Study smarter with the SolutionInn App