The marginal cost of educating a college student online is $3,000 a year. The table shows the

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The marginal cost of educating a college student online is $3,000 a year. The table shows the marginal private benefit schedule from a college education. The marginal external benefit is 50 percent of the marginal private benefit.

With no government action in online college education, how many students enroll and what is the tuition? Calculate the deadweight loss created.

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Dec 30, 2022 02:25 AM

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The marginal cost of educating a college student online is $3,000 a year. The table shows the

Question:

Students (millions per year) I 2 3 4 5 6 Marginal private benefit (dollars per student per year) 6,000 5,000 4,000 3,000 2,000 1,000

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With no government involvement 4 million students enroll ...View the full answer

Foundations Of Economics

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