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: 10 basic goods and services needed by people

A: Goods:- It  can be anything from  supplies,merchandise, raw materials to already finished products.…

Q: evolution of   savings accounts, loans and online banking post COVID-19

A: Customers have grown even more reliant on web and mobile apps as a result of the mandatory…

Q: a code of conduct for business(a) applies to all businesspeople in canada(b) applies only to large…

A: he correct answer is (d)  a code of conduct for business is an agreed-to written document created by…

Q: What does the total revenue represent?a

A: The income generated from normal commercial activities can be demarcated as revenue.

Q: When did Jesus died

A: April 3, 33 AD

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: firm marimize How its Arofit ?

A: The main motive of every firm is to maximize its profits. Profit is the driving force of any…

Q: d C b a U 0 30 50 75 W 100

A: Step 1:I would rather win a gift card so I can get whatever I want; it would depend on the gift…

Q: Assume that the base year is 2012. Consider the following data on nominal GDP: Year Nominal GDP 2011…

A: The base year is 2012 In the base year, nominal GDP and real GDP are equal.  The nominal GDP in 2012…

Q: qwertyuioopoytttrt

A: Unfortunately, "qwertyuioopoytttrt" doesn't seem to be a question with a specific answer or problem…

Q: Give example of merit

A: Merit pay refers to performance-related pay which provides bonuses or base pay increases for…

Q: So is it D or B

A: The answer is - B. Revoke the license of an insolvent insurer.

Q: What is one pkus one

A: Step 1:One plus one equals two1+1 = 2 For example if you have one apple and you get one more apple ,…

Q: Let be the residual for observation i for an estimated regression model. If 1.2 and ez = -0.33 R2 is…

A: e1= 1.2 and e2=0.33 Here clearly R^2 is less than 1 and RSS definitely positive.

Q: where did you get 0.1235 from

A: We know that: X=-50000/P*Q By substituting values X=-50000/(P*(4.3103-1.39*ln P)) Since initial P is…

Q: When compared to a large business, a small business has O roles that are shared across a larger…

A: An organization or entity that is being engaged in activities of industrial, commercial, or…

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: What has STEM contributed to the community

A: STEM  In STEM S stands for Science, T stands for Technology, E stands for Engineering, and M stands…

Q: C is 200 and Y is 1003 Find APS and APY

A: Given: Consumption = 200 Income = 1003

Q: How MR is calculated.

A: Below is the formula that can be used to calculate the MR: MR = dTRdQ Here, MR  = Marginal Revenue…

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: As the cost of energy falls relative to labor in Figure 2-8, and the isocost curve shifts from HJ to…

A: Isocost curves:An isocost curve is one which shows the costs of a producer. The producer uses two…

Q: 8 Write an email (120-150 words) to ask for • information about an activity that you would like to…

A: Subject: Inquiry About Yoga Classes Dear Sir/Madam, I recently came across your yoga classes while…

Q: 1 What is business?

A: Meaning of Applied Economics: The term applied economics is somewhat different from economics, as…

Comparative Advantage and Absolute Advantage Analysis

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