Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following table shows the marginal private benefits and marginal private cost of providing daycare spaces in the province: Number of Marginal Private Marginal Private

image text in transcribed
image text in transcribed
The following table shows the marginal private benefits and marginal private cost of providing daycare spaces in the province: Number of Marginal Private Marginal Private Daycare Spaces Benefits ($) Costs ($) 3000 600 300 5000 550 400 7000 500 500 8000 450 600 9000 400 700 55. Refer to the above information to answer this question. Given the marginal private benefits ar marginal private costs of providing daycare spaces, what is the equilibrium quantity of daycar spaces provided in the market? A. 3,000. B. 5,000. C. 7,000. D. 8,000. E. 9,000

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

Business Law Principles For Today's Commercial Environment

Authors: David P Twomey, Marianne M Jennings

2nd Edition

0324303947, 9780324303940

More Books

Students also viewed these Economics questions

Question

The number of people commenting on the statement

Answered: 1 week ago

Question

Peoples understanding of what is being said

Answered: 1 week ago