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First question drop down answers: 1) Public 2)Private Second question drop-down answers: 1) Increases 2) Decreases 3) Does not change As in the previous two

First question drop down answers: 1) Public 2)Private

Second question drop-down answers: 1) Increases 2) Decreases 3) Does not change

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As in the previous two questions, the Anteater Family can spend its money on education (e) or other goods (g). The family's utility over e and g is given by 80.5 guts U(e,g) = 2 The Anteaters have income of $90,000 to spend on e and g each year. Now, however, there is the option of sending children to public school. If the Anteaters send their children to public school, they get 3000 units of e for a price of $0. If the Anteaters send their children to private school, they can choose any number of units of e at a price of $10 per unit (as in Question 12). The price of all other goods remains $20 per unit. Calculate the utility level associated with sending their children to public school and spending all their money on other goods. Calculate the utility level associated with sending their children to private school and spending their remaining money on other goods (i.e., the utility level associated with the choice derived in Question 12). Given your answers, the Anteaters will send their children to l Select] V school. In this case, free public education [59'9\"] V the quantity of education the Anteater children receive

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