8 If the government provides public universities, what tuition fee will achieve the efficient enrolment? How much

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8 If the government provides public universities, what tuition fee will achieve the efficient enrolment? How much will taxpayers have to pay?

The marginal cost of a university education is a constant €6,000 per student per year and the marginal external benefit is a constant €4,000 per student per year.

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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Question Posted: Nov 06, 2024 06:00 AM

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8 If the government provides public universities, what tuition fee will achieve the efficient enrolment? How much

Question:

Price and cost (thousands of euros) 10 10 8 6 4 2 0 20 30 D= MB 40 50 60 Students (thousands per year)

Step by Step Answer:

Economics

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