The marginal cost of educating a college student online is $3,000 a year. The table shows the

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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.

If the government subsidizes colleges so that the efficient number of students will enroll, what is the cost to taxpayers?

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Dec 30, 2022 02:25 AM

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The marginal cost of educating a college student online is $3,000 a year. The table shows the

Question:

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

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The efficient number of students is 5 milli...View the full answer

Foundations Of Economics

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