The marginal cost of educating a college student online is $3,000 a year. The table shows the
Question:
The marginal cost of educating a college student online is $3,000 a year. The table shows the marginal private benefit schedule from a college education. The marginal external benefit is 50 percent of the marginal private benefit.
With no government action in online college education, how many students enroll and what is the tuition? Calculate the deadweight loss created.
Transcribed Image Text:
Students (millions per year) I 2 3 4 5 6 Marginal private benefit (dollars per student per year) 6,000 5,000 4,000 3,000 2,000 1,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
With no government involvement 4 million students enroll ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The marginal cost of educating a college student online is $3,000 a year. The table shows the marginal private benefit schedule from a college education. The marginal external benefit is 50 percent...
-
The marginal cost of educating a college student online is $3,000 a year. The table shows the marginal private benefit schedule from a college education. The marginal external benefit is 50 percent...
-
The marginal cost of educating a college student is $5,000 a year. Table 3 shows the marginal benefit schedule from a college education. The marginal external benefit from a college education is a...
-
In Exercises 8385, use a graphing utility to graph each circle whose equation is given. Use a square setting for the viewing window. x + 10x + y - 4y - 20 = 0
-
What are the five questions COSO IC proposes as indicators of the quality of information?
-
In Year Lee Incorporated biled its customers $56,800 for services performed. The comparty collected $40,600 of the amount billed Lee incurred $37,100 of other operating expenses on account, and paid...
-
Spotify and Uber have partnered so users can play music from their Spotify account directly through the Uber app. This is an example of which type of branding? a. Co-brand b. Endorsed brand c....
-
Tonys favorite memories of his childhood were the times he spent with his dad at camp. Tony was daydreaming of those days a bit as he and Suzie jogged along a nature trail and came across a wonderful...
-
In a worm and worm wheel, worm wheel has 120 teeth. The length of handle is 30cm and diameter of load drum is 10 cm. To lift a load of 1800N effort of 350N is required. If maximum efficiency is 40%,...
-
Blake Co. assembles specialist motor vehicles such as freight trucks, buses, and delivery trucks. The company owns four assembly plants where parts are delivered and assembled into the motor...
-
Whole foods to become first national supermarket to ban plastic straws Whole Foods is set to completely ban plastic straws and will introduce paper straws across all its stores in the U.S., Canada...
-
A warming Arctic could cost the world $70 trillion. A study warns that the Arctic is warming at an accelerating pace that will cost nearly $70 trillion. But keeping the temperature rise to 1.5...
-
The jib crane supports a load of 750 lb from the trolley which rides on the top of the jib. Determine the internal normal force, shear force, and moment in the column at point D when the trolley is...
-
Specifyforeach ofthefollowingtransactionswhetheritis assessable income, exempt income, or non-assessable non-exempt income. ( a )Janicereceivedgross wages of $74,000 fromherhusband thenfor...
-
Microsoft Corporation Many industries have specific reporting standards that are necessary to present an entity's financial position. For example, insurance companies must follow the accounting and...
-
Oakland Retail Group begins the year with inventory of $52,000 and ends the year with inventory of $42,000. During the year, the company has four purchases for the following amounts. Purchase on...
-
Congress prevents loss recognition on sales and liquidating distributions of property contributed to the corporation with a built-in loss shortly before a liquidation. Identify the condition(s) that...
-
What are the molecular mechanisms underlying the establishment of embryonic axes during early development?
-
A cannonball shot with an initial velocity of 141 m/s at an angle of 45 follows a parabolic path and hits a balloon at the top of its trajectory. Neglecting air resistance, show that the cannonball...
-
Write a while loop that uses an explicit iterator to accomplish the same thing as Exercise 7.3. Exercise 7.3. Write a for-each loop that calls the addInterest method on each BankAccount object in a...
-
The table shows the PPF of an island community. Choose the best statement. A. This community has enough resources to produce 2 pounds of fish and 36 pounds of berries. B. This community cannot...
-
The table shows the PPF of an island community. Choose the best statement. A. This community has enough resources to produce 2 pounds of fish and 36 pounds of berries. B. This community cannot...
-
Mary makes 10 pies and 20 cakes a day and her opportunity cost of producing a cake is 2 pies. Tim makes 20 pies and 10 cakes a day and his opportunity cost of producing a cake is 4 pies. If Mary and...
-
The sales budget for your company in the coming year is based on a quarterly growth rate of 20 percent with the first-quarter sales projection at $226 million. In addition to this basic trend, the...
-
The following information, based on the 12/31/2024 Annual Report to Shareholders of Krafty Foods ($ in millions): Accounts payable Accounts receivable (net) Accrued liabilities Cash and cash...
-
Victory Company uses weighted average process costing. The company has two production processes. Conversion cost is added evenly throughout each process. Direct materials are added at the beginning...
Study smarter with the SolutionInn App