If the government provides public colleges, what tuition will achieve the efficient number of students? How much
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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)
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