The marginal cost of educating a college student online is $3,000 a year. The table shows the marginal private benefit schedule of a college education. The marginal external benefit is 50 percent of the marginal private benefit. If the government offers vouchers to online students so that the efficient number of students will enroll, what is the value of the voucher and how many students will enroll? The number of students enrolled is and the value of the voucher is $ million students per student.
The marginal cost of educating a college student online is $3,000 a year. The table shows the marginal private benefit schedule of a college education. The marginal external benefit is 50 percent of the marginal private benefit. If the government offers vouchers to online students so that the efficient number of students will enroll, what is the value of the voucher and how many students will enroll? The number of students enrolled is and the value of the voucher is $ million students per student.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter12: Environmental Protection And Negative Externalities
Section: Chapter Questions
Problem 13SCQ: A country called Sherwood is very heavily covered with a forest of 50,000 trees. There are proposals...
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