Homework Answers
MSB = PMB + MEB
So MB curve shifts upwards by 1000$
.
Voucher value = MEB
= $ 1000 a student
Add Answer to:
Price and cost (thousands of dollars per student per yees) The graph shows the demand for...
The graph shows the marginal private benefit from design school education. The marginal cost of this...
The graph shows the marginal private benefit from design school education. The marginal cost of this education is a constant $12,000 a year. The marginal external benefit from a design school education is $4,000 per student per year. Suppose the government decides to provide public design schools. Price and cost (thousands of dollars) 28- 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...
o Price and cost (thousands of dollars per hour) The figure shows the market for college...
o Price and cost (thousands of dollars per hour) The figure shows the market for college education in the United States. If there is no external benefit from a college education and the government does not intervene in the market, then the equilibrium tuition of college education is 20 S=MC 18 A. $16,000. B. $13,000. 16 C. $16,000. 14 D. $13,000. 12 E. $20,000. MSB 10 D=MB 8 0 10 12 14 16 18 20 Quantity (millions of students per...
This Question: 1 pt 41 of 60 (39 complete) This Test: 60 pts possib The graph...
This Question: 1 pt 41 of 60 (39 complete) This Test: 60 pts possib The graph shows the demand for nursing education The marginal cost of nursing education is $8,000 a year and the marginal external benefit is $4,000 per student per year. Suppose the government provides a subsidy that achieves the efficient number of students in private nursing schools. What is the subsidy that will achieve the efficient number of students enrolled? The subsidy that achieves the efficient number...
What is the answer for c ? 4. The marginal cost of educating a college student...
What is the answer for c ?
4. The marginal cost of educating a college student is $5,000 per year. The table below shows the private marginal benefit from a college education. The marginal external benefit of a college education is $2,000 per student per year. [Use a graph to help you answer the questions Students Private Private Marginal Benefit External Social Marginal Benefit (millions per year) Marginal (Sper student per year) Marginal Benefit S per student per year) Cost...
Figure 1 shows the marginal private benefit from college education at an Imaginary college. The marginal...
Figure 1 shows the marginal private benefit from college education at an Imaginary college. The marginal cost of a college education in this example is a constant $6,000 per year. The marginal external benefit from a college education is $4,000 per student per year. FIGURE 1 $10,000 $9,000 SHOP $7,000 PRICE OF TUMON 56,000 $5,000 $4.000 $3.000 52,000 1.000 1.500 4,000 4,500 2,500 3.500 STUDENTS PER YEAR 5.000 a) If colleges were private and government had no involvement in college...
The figure shows an education market in which the government is providing households with vouchers. In...
The figure shows an education market in which the government is
providing households with vouchers. In
total,
how much do the schools receive for a student?
The figure shows an education market in which the government is providing households with vouchers. In total, how much do the schools receive for a student? Price and cost (thousands of dollars per student) A. $16,000 20 S = MC B. $8,000 16 C. $12,000 D. $20,000 12 O O E. $4,000 8 D...
Figure 1 shows the marginal private benefit from college education at an imaginary college. The marginal...
Figure 1 shows the marginal private benefit from college education at an imaginary college. The marginal cost of a college education in this example is a constant $6,000 per year. The marginal external benefit from a college education is $4,000 per student per year. FIGURE 1 $10,000 $9,000 $8,000 57,000 PRICE OF TUITION $6,000 $5,000 $4,000 $3,000 $2.000 1.000 1,500 2.000 2.500 3.000 3,500 STUDENTS PER YEAR 4,000 4,500 5.000 a) If colleges were private and government had no involvement...
Problem 1: Externalities (20 points) Figure 1 shows the marginal private benefit from college education at...
Problem 1: Externalities (20 points) Figure 1 shows the marginal private benefit from college education at an imaginary college. The marginal cost of a college education in this example is a constant $6,000 per year. The marginal external benefit from a college education is $4,000 per student per year. FIGURE 1 $10,000 $9,000 $8,000 $7,000 PRICE OF TUITION $6,000 $5,000 $4,000 $3,000 $2,000 1,000 1,500 2,000 4,000 4,500 5,000 2,500 3,000 3,500 STUDENTS PER YEAR a) If colleges were private...
Problem 1: Externalities (20 points) Figure 1 shows the marginal private benefit from college education at...
Problem 1: Externalities (20 points) Figure 1 shows the marginal private benefit from college education at an imaginary college. The marginal cost of a college education in this example is a constant $6,000 per year. The marginal external benefit from a college education is $4,000 per student per year. FIGURE 1 $10,000 59,000 58,000 57,000 PRICE OF TUITION 56,000 5,000 54000 $3,000 $2,000 1,000 1,500 2,000 4,000 4.500 2.500 3.000 3,500 STUDENTS PER YEAR 5.000 a) If colleges were private...
Problem 1: Externalities (20 points) Figure 1 shows the marginal private benefit from college education at...
Problem 1: Externalities (20 points) Figure 1 shows the marginal private benefit from college education at an imaginary college. The marginal cost of a college education in this example is a constant $6,000 per year. The marginal external benefit from a college education is $4,000 per student per year. FIGURE 1 $10.000 59.000 58.000 I 57.000 PRICE OF TUITION 56 000 55.000 54.000 53.000 $2.000 1.000 1.500 2,000 4,000 4,500 5.000 2,500 3.000 3,500 STUDENTS PER YEAR a) If colleges...
The graph shows the marginal private benefit from design school education. The marginal cost of this education is a constant $12,000 a year. The marginal external benefit from a design school education is $4,000 per student per year. Suppose the government decides to provide public design schools. Price and cost (thousands of dollars) 28- 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...
o Price and cost (thousands of dollars per hour) The figure shows the market for college education in the United States. If there is no external benefit from a college education and the government does not intervene in the market, then the equilibrium tuition of college education is 20 S=MC 18 A. $16,000. B. $13,000. 16 C. $16,000. 14 D. $13,000. 12 E. $20,000. MSB 10 D=MB 8 0 10 12 14 16 18 20 Quantity (millions of students per...
This Question: 1 pt 41 of 60 (39 complete) This Test: 60 pts possib The graph shows the demand for nursing education The marginal cost of nursing education is $8,000 a year and the marginal external benefit is $4,000 per student per year. Suppose the government provides a subsidy that achieves the efficient number of students in private nursing schools. What is the subsidy that will achieve the efficient number of students enrolled? The subsidy that achieves the efficient number...
What is the answer for c ?
4. The marginal cost of educating a college student is $5,000 per year. The table below shows the private marginal benefit from a college education. The marginal external benefit of a college education is $2,000 per student per year. [Use a graph to help you answer the questions Students Private Private Marginal Benefit External Social Marginal Benefit (millions per year) Marginal (Sper student per year) Marginal Benefit S per student per year) Cost...
Figure 1 shows the marginal private benefit from college education at an Imaginary college. The marginal cost of a college education in this example is a constant $6,000 per year. The marginal external benefit from a college education is $4,000 per student per year. FIGURE 1 $10,000 $9,000 SHOP $7,000 PRICE OF TUMON 56,000 $5,000 $4.000 $3.000 52,000 1.000 1.500 4,000 4,500 2,500 3.500 STUDENTS PER YEAR 5.000 a) If colleges were private and government had no involvement in college...
The figure shows an education market in which the government is
providing households with vouchers. In
total,
how much do the schools receive for a student?
The figure shows an education market in which the government is providing households with vouchers. In total, how much do the schools receive for a student? Price and cost (thousands of dollars per student) A. $16,000 20 S = MC B. $8,000 16 C. $12,000 D. $20,000 12 O O E. $4,000 8 D...
Figure 1 shows the marginal private benefit from college education at an imaginary college. The marginal cost of a college education in this example is a constant $6,000 per year. The marginal external benefit from a college education is $4,000 per student per year. FIGURE 1 $10,000 $9,000 $8,000 57,000 PRICE OF TUITION $6,000 $5,000 $4,000 $3,000 $2.000 1.000 1,500 2.000 2.500 3.000 3,500 STUDENTS PER YEAR 4,000 4,500 5.000 a) If colleges were private and government had no involvement...
Problem 1: Externalities (20 points) Figure 1 shows the marginal private benefit from college education at an imaginary college. The marginal cost of a college education in this example is a constant $6,000 per year. The marginal external benefit from a college education is $4,000 per student per year. FIGURE 1 $10,000 $9,000 $8,000 $7,000 PRICE OF TUITION $6,000 $5,000 $4,000 $3,000 $2,000 1,000 1,500 2,000 4,000 4,500 5,000 2,500 3,000 3,500 STUDENTS PER YEAR a) If colleges were private...
Problem 1: Externalities (20 points) Figure 1 shows the marginal private benefit from college education at an imaginary college. The marginal cost of a college education in this example is a constant $6,000 per year. The marginal external benefit from a college education is $4,000 per student per year. FIGURE 1 $10,000 59,000 58,000 57,000 PRICE OF TUITION 56,000 5,000 54000 $3,000 $2,000 1,000 1,500 2,000 4,000 4.500 2.500 3.000 3,500 STUDENTS PER YEAR 5.000 a) If colleges were private...
Problem 1: Externalities (20 points) Figure 1 shows the marginal private benefit from college education at an imaginary college. The marginal cost of a college education in this example is a constant $6,000 per year. The marginal external benefit from a college education is $4,000 per student per year. FIGURE 1 $10.000 59.000 58.000 I 57.000 PRICE OF TUITION 56 000 55.000 54.000 53.000 $2.000 1.000 1.500 2,000 4,000 4,500 5.000 2,500 3.000 3,500 STUDENTS PER YEAR a) If colleges...
Most questions answered within 3 hours.
-
A vertical straight wire carrying an upward 26-A current exerts
an attractive force per unit length...
asked 2 minutes ago -
For the purposes of this assignment, you are to choose an
adaptive trait common to more...
asked 10 minutes ago -
Two identical flutes can play middle C (262 Hz) at 20◦C. How
many beats per second...
asked 18 minutes ago -
Potassium phosphate and calcium chloride react in a double
replacement reaction. To produce 1.0 moles of...
asked 13 minutes ago -
Sparky, Co. purchased land as a factory site for $600,000.
Sparky paid $42,000 to tear down...
asked 28 minutes ago -
A Chi-square distribution with 14 degrees of freedom is a
correct model for
Question 8 options:...
asked 57 minutes ago -
In a group of 45 mice, there are 10 that have a certain genetic
character. suppose...
asked 38 minutes ago -
Topic: Hydrogenic Atoms
The wavefunction of one of the d orbitals is proportional to sin
θ...
asked 38 minutes ago -
6. Suppose that the Bank of Canada conducts an open market
purchase of $2000 from a...
asked 53 minutes ago -
A) Suppose U=X∙Y3. Find X* and Y*.
B) Suppose U=X3∙Y. Find X* and Y*.
C) Suppose...
asked 1 hour ago -
The only quantities of good 1 that Barbara can buy are 1 unit or
zero units....
asked 52 minutes ago -
c. Node Admittance matrix and its use in different calculations
of power transmission system. Display the...
asked 1 hour ago