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Part C: Education Suppose that more workers with a post secondary education {PSE} degree improves the overall productivity of all workers, including those without a PSE degree, but students are neoclassical utility maximizers such that they only take into consideration the private benets to themselves when deciding whether to go to college or university. 12. Draw a supply and demand graph for PSE that reects both the private and social costs and benefits of PSE. Clearly label all curves, as well as the private market and socially optimal tuition fees {prices} and quantities. 13. Describe in words and show on the graph how the government might intervene to change the demand for PSE to achieve a socially optimal outcome. Label the net tuition paid by students and the tuition received by universities/colleges. 14. Describe and show on the graph how the government might intervene to change the supply of PSE to achieve a socially optimal outcome. Label the revenue received by universities/colleges and the tuition paid by students. Part D: Workplace Health and Safety Each year there are worldwide approximately 1.9 to 2.3 million deaths per year related to occupation/work. 20f5 ECON 1210 Assignment 3 15. How does the textbook neoclassical model {with perfect competition) explain the fact that workers undertake unsafe work? 16. What assumption ofthe neoclassical model may be violated when it comes to workplace health and safety and workers engaging in dangerous work? 17. How might structuring a rm as a worker cooperative affect the degree to which workers participate in unsafe work? Explain