Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

24 States Offer Tuition-Free College Programs Community college is now free in some states for students who meet certain eligibility requirements usually based on family

24 States Offer Tuition-Free College Programs Community college is now free in some states for students who meet certain eligibility requirements usually based on family income and a GPA minimum. Source: U.S. News & World Report, August 29, 2019 If college is tuition-free, how does the number of students enrolled change and is the outcome efficient? Question content area bottom Part 1 If college is tuition-free, the number of students enrolled _______ and the outcome is _______. A. decreases; efficient if at the quantity enrolled marginal social benefit equals marginal cost B. decreases; inefficient if at the quantity enrolled marginal social benefit exceeds marginal cost C. increases; efficient if at the quantity enrolled marginal social benefit is less than marginal cost D. increases; inefficient if at the quantity enrolled marginal social benefit is less than marginal cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Business

Authors: William NickelsJames McHughSusan McHugh

12th Edition

1259929434, 9781259929434

More Books

Students also viewed these Economics questions

Question

7. How can the models we use have a detrimental effect on others?

Answered: 1 week ago