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The graph shows the marginal private benefit of design school education. The marginal cost of this education is a constant $12,000 a year. The marginal

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The graph shows the marginal private benefit of design school education. The marginal cost of this education is a constant $12,000 a year. The marginal external benefit of a design school education is \$4,000 per student per year. If the government provides public design schools, what is the tuition that will achieve the efficient number of students? How much must taxpayers pay? Draw the marginal cost curve. Label it MC. Draw the marginal social benefit curve. Label it MSB. Draw a line that shows the tuition that schools charge to achieve the efficient number of students. Label it Tuition. The tuition that colleges charge is $ per student. The amount paid by taxpayers is S perstudent. Remember that the price on the y-axis is in thousands of dollars. Drav onily the objects specfied in the

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