The graph shows the demand for university education. The marginal cost of educating a student is a constant $4,000 a year and education creates an external benet of a constant $1,000 per student per year. If all universities are private and the market for education is competitive, calculate the number of students, the tuition, and the deadweight loss. Draw the marginal social cost curve. Label it MSC. Draw a point to show the number of students enrolled and the tuition if the schools are private. Draw the marginal social benet curve. Label it MSB. Draw a shape that shows the deadweight loss. Label it DWL. 0 10 20 30 4O 50 60 Students (thousands per year) >>> Draw only the objects specied in the