Price and cost (cents per mile) + 40 S = MC 35- 30- 25- 20- 15- 10- D = MB 5- 100 200 300 400 500 600 700 800 Quantity (thousands of miles) > >> Draw only the objects specified in the question.Question list O Question 15 Question 16 Question 17 Question 18 Question 19 Question 20 Question 21 Question 22 Choosing the right college '6 Connie Pollack, a college admissions consultant, says that the challenge for the student is to nd the college that pushes the right academic, financial, and social buttons to deliver four happy years without having to make a new choice after the rst year. Source: Pittsburgh Post-Gazette, February 12, 2016 Do the applicants or the colleges have private information? Give an example of such private information. Does this market have an adverse selection problem? (E Do the applicants or the colleges have private information? {:1- A. The colleges have private information about the quality of life on campus. The applicants have no private information because the colleges have access to SAT scores and high school transcripts. "'22- B. Some applicants and some colleges have private information. C. The colleges have no private information because they disclose all information on their websites. The applicants have no private information because the colleges have access to their SAT scores and high school transcripts. D. The applicants have private information about their works habits and social skills. The colleges have no private information because they disclose all information on their websites. {@2- E. The applicants have private information about their work habits and social skills. The colleges have private information about the quality of life on campus. The market for college acceptance or placement adverse selection because Question list O Question 15 Question 16 Question 17 Question 18 Question 19 Question 20 Question 21 Question 22 Choosing the right college '6 Connie Pollack, a college admissions consultant, says that the challenge for the student is to nd the college that pushes the right academic, financial, and social buttons to deliver four happy years without having to make a new choice after the rst year. Source: Pittsburgh Post-Gazette, February 12, 2016 Do the applicants or the colleges have private information? Give an example of such private information. Does this market have an adverse selection problem? (E Do the applicants or the colleges have private information? {:1- A. The colleges have private information about the quality of life on campus. The applicants have no private information because the colleges have access to SAT scores and high school transcripts. "'22- B. Some applicants and some colleges have private information. C. The colleges have no private information because they disclose all information on their websites. The applicants have no private information because the colleges have access to their SAT scores and high school transcripts. D. The applicants have private information about their works habits and social skills. The colleges have no private information because they disclose all information on their websites. {@2- E. The applicants have private information about their work habits and social skills. The colleges have private information about the quality of life on campus. The market for college acceptance or placement adverse selection because Do the applicants or the colleges have private information? Give an example of such private information. Question 16 Does this market have an adverse selection problem? . . . O Question 17 al lu social Skills. The Culleyes Have LIU private IIIIVITTIauUI because they disclose all information on their websites. O E. The applicants have private information about their work habits O Question 18 and social skills. The colleges have private information about the quality of life on campus. The market for college acceptance or placement adverse O Question 19 selection because O A. does not experience; both schools and applicants send signals that overcome adverse selection O Question 20 O B. experiences; both schools and applicants have private information so the best match is not always achieved O Question 21 O C. experiences; out-of-state students generally pay higher tuition fees O D. does not experience; neither schools nor applicants use their private information to their best advantage O Question 22 O E. experiences; most students want to attend a college that is near home Time Remaining: 01:26:08I9 Table 1 shows the demand schedule for Table 1 electricity from a coal burning utility. Price Quantity demanded . _ (cents per kilowatt) (kilowatts per day) Table 2 shows the utility's cost of producing electricity and the external cost 4 500 of the pollution created. 8 400 12 300 With no pollution control, calculate the 16 200 quantity of electricity produced, the price 20 100 of electricity, and the marginal external 24 0 cost of the pollution generated. Table 2 Quantity Marginal Marginal (kilowatts per cost external cost day) (cents per kilowatt) E) o 0 o 100 2 2 With no pollution control, the quantity of 200 4 4 electricity produced is D kilowatts a day. 300 6 6 400 8 8 The price of electricity is D cents a 500 10 10 kilowatt. The marginal external cost of the pollution generated is D cents a kilowatt