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?
Homework Answers
This is the case of positive externality when educating people raise marginal social benefit of people to its right from marginal benefit curve. School recieve amount when MB = MC which is $12,000 while society recieve amount when MSB = MC which is $16,000.
Option C is correct.
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The figure shows an education market in which the government is
providing households with vouchers. In...
O The figure shows an education market in which the government is providing households with vouchers....
O The figure shows an education market in which the government is providing households with vouchers. What is the efficient quantity of students? nows Price and cost (thousands of dollars per student) O A. 2 million o the 20 O B. more than 6 million S = MC O c. more than 4 million and less than 6 16 OD 4 million 12 Ws an e eholds udent? O E. 6 million 8 D = MSB 0 4 MB 0...
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...
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...
Price and cost (thousands of dollars per student per yees) The graph shows the demand for...
Price and cost (thousands of dollars per student per yees) The graph shows the demand for college education. The marginal cost of this education is $5,000 a year and the marginal external benefit is $1,000 per student per year. All colleges are private and the government offers vouchers to those who enroll at a college. Draw the marginal social benefit curve. Label it MSB. Draw an arrow at the efficient number of students that shows the value of the voucher...
The figure shows the market for cotton in Georgestan. The government regulates the market with a...
The figure shows the market for cotton in Georgestan. The government regulates the market with a production quota set at 8 million pounds per year. With the quota in place, the amount of cotton produced in Georgestan is _ __because the marginal social cost of a pound of cotton is _ __ the marginal social benefit of a pound of cotton. Price (cents per pound) O A. inefficient; greater than O B. efficient; equal to O C. inefficient; less than...
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...
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...
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...
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...
O The figure shows an education market in which the government is providing households with vouchers. What is the efficient quantity of students? nows Price and cost (thousands of dollars per student) O A. 2 million o the 20 O B. more than 6 million S = MC O c. more than 4 million and less than 6 16 OD 4 million 12 Ws an e eholds udent? O E. 6 million 8 D = MSB 0 4 MB 0...
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...
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...
Price and cost (thousands of dollars per student per yees) The graph shows the demand for college education. The marginal cost of this education is $5,000 a year and the marginal external benefit is $1,000 per student per year. All colleges are private and the government offers vouchers to those who enroll at a college. Draw the marginal social benefit curve. Label it MSB. Draw an arrow at the efficient number of students that shows the value of the voucher...
The figure shows the market for cotton in Georgestan. The government regulates the market with a production quota set at 8 million pounds per year. With the quota in place, the amount of cotton produced in Georgestan is _ __because the marginal social cost of a pound of cotton is _ __ the marginal social benefit of a pound of cotton. Price (cents per pound) O A. inefficient; greater than O B. efficient; equal to O C. inefficient; less than...
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...
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...
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...
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...
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