
-The above figure shows the marginal private benefit and marginal social cost of a university education. A $10,000 subsidy to universities results in a university charging tuition fees of
A) $0.
B) $20,000.
C) $30,000.
D) $10,000.
Correct Answer:
Verified
Q83: Q101: Education at a private university is NOT Q103: John receives a marginal benefit of $80 Q104: For a good to be nonrival, then Q105: An example of a public good is Q107: The outcome from a voucher scheme is Q108: Goods that are nonrival and nonexcludable are Q109: The marginal private benefit of education is Q110: Governments can use subsidies Q111: ![]()
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A)
A) as a means![]()
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