If the government decides to provide public colleges, what tuition will these colleges charge to achieve the
Question:
The marginal cost of a college education is a constant $6,000 per student per year. The marginal external benefit from a college education is a constant $4,000 per student per year.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (18 reviews)
The tuition will be 2000 because this tuition ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
If the government decides to spend an extra $5 billion on health care that they would otherwise have spent on road construction, and the MPC = 0.75, what is the effect on AD? a. It has no effect. b....
-
If the government decides to provide public health insurance (like Canada), what healthcare fee does it charge to achieve an efficient coverage? How much will taxpayers have to pay? The marginal cost...
-
If the government decides that aggregate demand is excessive and is causing inflation, what options are open to it? What if the government decides that aggregate demand is too weak instead?
-
On July 1,the first day of their fiscal year, the City of Denver sold bonds with a face value of $10,000,000 at 102 percent par. The bonds bear annual interest at 6 percent; interest is payable...
-
The distribution of scores on a nationally administered college achievement test has a median of 520 and a mean of 540. a. Explain why it is possible for the mean to exceed the median for this...
-
1. Why is it important to define the project scope? How would you define the scope of the payroll project in this case? 2. Review each constraint and identify its characteristics: present vs. future,...
-
1. Do you decide the night before what to wear each day? Answer each of the following questions with a Yes or No.
-
Consider the composite solid shown. Solid A is a thermally conductive material that is 0.5-cm thick and has a thermal conductivity, k A = 50 W/m K. The back side of solid A (x = 0) is thermally...
-
k Saved Required information (The following information applies to the questions displayed below.) Marcelino Co's March 31 inventory of raw materials is $88,000. Raw materials purchases in April are...
-
David Green is considering his operating statement for 2013, which is displayed in the table below. David is the manager of store number 88, where he began as one of the staff 6 years ago, and...
-
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 of a college education is a constant $6,000 per...
-
If the government offers vouchers to those who enroll at a college and no subsidy, what is the value of the voucher that will achieve the efficient number of students? The marginal cost of a college...
-
Under what circumstances is a contingent liability disclosed only in the notes to the financial statements? Under what circumstances is a contingent liability not recorded in the accounts nor...
-
Alvarado Company produces a product that requires 5 standard direct labor hours per unit at a standard hourly rate of $12.00 per hour. If 5,700 units used 29,400 hours at an hourly rate of $11.40 per...
-
7. (30 points) You are a teaching assistant (TA) for a new course in the department and you wish to measure the amount of time that students spend engaging with the online resources. Using the Canvas...
-
Mod Clothiers makes women's clothes. It costs $28,000 to produce 5,000 pairs of polka-dot polyester pants. They have been unable to sell the pants at their usual price of $50.00. The company is...
-
In a mid-sized manufacturing company, the annual financial statements were prepared for audit by an external auditing firm. The company\'s finance team had diligently compiled the financial data, and...
-
Explain the meaning of the SMART acronym. In 100-200 words, define what the words "goal" and "success" mean to you. Summarize your thoughts on whether or not the SMART model can help you become a...
-
Suppose that just by doubling the amount of output that it produces each year, a firms per-unit production costs fall by 30 percent. This result is an example of: a. economies of scale. b. improved...
-
State whether each of the following will increase or decrease the power of a one-way between-subjects ANOVA. (a) The effect size increases. (b) Mean square error decreases. (c) Mean square between...
-
Sales forecasting Nordic-Is is Norways largest ice cream maker, and is steadily increasing its market share in Norway, Sweden and Denmark. Required: Prepare a seasonal sales forecasting model from...
-
Four years ago, Mattel Inc. exhorted its executives to help save Barbie from a new doll clique called the Bratz. With its market share dropping at a chilling rate, Barbie needed to be more...
-
a. Calculate Minnies total revenue schedule. b. Calculate its marginal revenue schedule. Minnies Mineral Springs, a single-price monopoly, faces the market demand schedule in the table. PriceQuantity...
-
a. Draw a graph of the market demand curve and Minnies marginal revenue curve. b. Why is Minnies marginal revenue less than the price? Minnies Mineral Springs, a single-price monopoly, faces the...
-
Cash from Operating Activities: ______________ Cash from Investing Activities: ______________ Cash from Financing Activities: ______________ Problem 2: Financial Ratios The GAP Macys 1 Current Ratio...
-
On January 1, 2021, Winky Enterprises issued 12% bonds dated January 1, 2021, with a face amount of $2,800,000. The bonds mature in 2030 (10 years). For bonds of similar risk and maturity, the market...
-
Using the following accounts and balances, prepare the stockholders' equity vection of the balance sheet. Pilty thousand shares of common stock are authorised, and 1,000 shares have been recoured,...
Study smarter with the SolutionInn App