If the government provides public colleges, what tuition will achieve the efficient number of students? How much

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If the government provides public colleges, what tuition will achieve the efficient number of students?

How much will taxpayers have to pay?

The marginal cost is a constant $6,000 per student per year. The marginal external benefit of a college education is a constant $4,000 per student per year. image text in transcribed

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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Question Posted: Jan 27, 2024 10:03 PM

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If the government provides public colleges, what tuition will achieve the efficient number of students? How much

Question:

Price and cost (thousands of dollars per student) 10 8 2 0 20 D = MB 30 40 50 60 Students (thousands per year)

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In the graph you sent the efficient number of students is reached at the point where the marginal co...View the full answer

Economics

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