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Figure 11-1 depicts three families, X, Y, and Z, and their utility based on spending on education and other goods. Suppose free public education is
Figure 11-1 depicts three families, X, Y, and Z, and their utility based on spending on education and other goods. Suppose free public education is provided and the new budget constraint is shown in red. Other goods $25, 000 spending [1 $50, 000 $40,000 $20,000 ----------------- $10,000 ................... --4-- $10,000 $25 000330 000$45' 000$50,000 Education spending Question 24 1 pts According to Figure 11-1, what is the amount of spending from the government on public education? (Do not include a dollar sign in your answer) 25,000 Question 25 1 pts According to Figure 11-1, how much does family X increase their spending on other goods by as a result of the government providing public education? (Do not include a dollar sign in your answer) 10,000 Question 27 1 pts According to Figure 111, how much does family Z increase their spending on other goods by as a result of the government providing public education? (Do not include a dollar sign in your answer) Question 28 1 pts Refer to Figure 11-1. Assuming that higher education spending means better quality, how many families will receive better quality education because of the government providing public education? Question 29 1 pts Refer to Figure 11-1. Assuming that higher education spending means better quality, how many families will receive lower quality education because of the government providing public education? Question 30 1 pts Refer to Figure 11-1. How many families are happier because of the government providing public education
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