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Solve clearly... The following graph shows the annual marginal private costs and benefits of education in a small third world country. The horizontal axis measures

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Solve clearly...

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The following graph shows the annual marginal private costs and benefits of education in a small third world country. The horizontal axis measures the number of persons educated. Each person that is educated benefits the society by MXB = $24,000. $72,000 $68,000 $64,000 $60,000 $56,000 $52,000 $48,000 $44,000 MPC (S) $40,000 $36,000 $32,000 $28,000 $24,000 $20,000 $16,000 $12,000 $8,000 MPB (D) $4,000 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000Consider the information in the file HW7 Positive Consumption Externality. The allocationy efficient number of students equals million. Therefore, in the absence of any government education policy, there would be a deadweight loss of billion dollars in this country due to not educating the "right number" of students. If the government decides to provide a Pigouvian subsidy to students in order to educate the allocationy efficient number of students, it will have to collect a total tax of billion dollars to implement the subsidy program. In that case, the deadweight loss will change to billion dollars

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