
-The table above shows the marginal costs and marginal benefits of university education. The marginal social benefit of university education at the efficient level of enrolment is
A) $14,000 per year.
B) $16,000 per year.
C) $12,000 per year.
D) $20,000 per year.
Correct Answer:
Verified
Q4: A free- rider problem occurs when the
A)
Q5: A government subsidy for a good
A) has
Q6: To find the economy's marginal benefit curve
Q7: Public goods create a free- rider problem
Q8: Most governments subsidise basic education because
A) of
Q10: If the marginal social benefit of a
Q11: A good which is nonrival and nonexcludable
Q12: The principle of minimum differentiation suggests that
Q13: Q14: ![]()
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