A college education creates positive externalities. Use the accompanying graph which represents the hypothetical market for a college education in the land of Smartypants to answer the questions that follow. MSB stands for marginal social benefit, MPB stands for marginal private benefit, and MPC stands for marginal private cost. Market for College Education 1. Move point E to the efficient equilibrium outcome. 2. If the government of Smartypants Wanted to subsidize college education, how much would it subsidize each student to achieve the socially optimal level of education? MSB 30 100

Q: (Trade Restrictions) Suppose that the world price for steel is below the U.S. domestic price, but…

A: When a country wants to restrict its imports of foreign goods it can use two devices: Tariffs…

Q: Instructions: Round your answers for price to 2 decimal places. Enter your answers for quantity as a…

A: Equilibriun refers to the point in the market when quantity demanded equals the quantity supplied by…

Q: In a company, who gets to determine when and how data should be used?

A: Data refers to individual facts, figures, or bits of information that are often quantitative. A…

Q: Customer value Is best understood as. a. The purchasing power that CUstomers benetit trom a certain…

A: Customer value assesses the worth of a product or service and compares it to other options…

Q: could you add me some differences or clarification

A: An economic model called the Ramsey model examines the ideal amount of spending and saving over time…

Q: Part 4 and 5 of the question please.

A:

Q: part A is incorrect and Part B is incorrect can you re try

A: Present Worth, also known as Net Present Value (NPV), represents the total value of cash flows (both…

Q: The merry-go-round in Ross Park, a public park, was first installed in 1920 and has been…

A: A public good is a kind of good or service that is non-excludable and non-rivalrous in nature,…

Q: could you also help with question g ?

A: Ariel's opportunity cost for 1 book 2/3=0.67 problem set.So Ariel will accept price when her…

Q: c) What is the cost of the consumer's original 2018 bundle at the new 2019 prices? How much…

A: Now, the price of food F1= $100  the price of housing increased H1 = $200. the cost of the…

Q: Identify the largest 5 backs in the United stated.

A: One correction is needed in the above question, hopefully, it is asking for the largest banks in the…

Q: MAths and Economics difference

A: There is an overlap in the abilities, talents, and pursuits of both mathematics and economics. there…

Q: Can you answer me as soon as possible urgent . In early April, Mr Chan went for a five-day trip in…

A: Answer a.  The purpose of travel of Mr Chan is to explore Singapore in five days and to visit only…

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

Q: The South Korean Economy in the 1970s faced a choice between Consumption and Investment. This…

A: The three economic problems which any economy faces are: (i) The needs of the human beings are…

Q: Adam picked 240 oranges from his orchard. He packed them equally in 12 bags and sent them to the…

A: Resource allocation refers to the process of distributing available resources among different uses,…

Q: Bill goes to the market to buy some apples. The cost of the apples that he likes is $1.25 per pound.…

A: Consumer theory explores how consumer make choices to maximize their utility based on their…

Q: 2 Explain the 3 different stages of production.

A: There are three stages of production:- Production increases at increasing return:-  This is the…

Q: please answer second question as a different question now!

A: Investment can refer to physical assets such as machinery, buildings, and land, or financial assets…

Q: Imagine you are the mayor of a town and you are trying to decide if you should pay for a fireworks…

A: Answer:- (d) The town's citizens were free-riders.

Q: A pharmaceutical corporation has developed a unique new drug, making the company a monopoly. Demand…

A: For a monopoly, profit maximization occurs at the point where MR equals MC

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.