The figure above shows the demand for college education (D), the marginal social benefit of college education (MSB), and the marginal cost of the private schools (MC).
-Based on the figure above,when the market is unregulated and is in equilibrium,the deadweight loss is
A) $86.25 million per year.
B) $56.25 million per year.
C) $48.75 million per year.
D) $37.50 million per year.
E) zero.

Question

The figure above shows the demand for college education (D), the marginal social benefit of college education (MSB), and the marginal cost of the private schools (MC).
-Based on the figure above,when the market is unregulated and is in equilibrium,the deadweight loss is
A) $86.25 million per year. 
B) $56.25 million per year. 
C) $48.75 million per year. 
D) $37.50 million per year. 
E) zero.

Quizplus · Accepted Answer

The Answer of  
The figure above shows the demand for college education (D), the marginal social benefit of college education (MSB), and the marginal cost of the private schools (MC).
-Based on the figure above,when the market is unregulated and is in equilibrium,the deadweight loss is
A) $86.25 million per year. 
B) $56.25 million per year. 
C) $48.75 million per year. 
D) $37.50 million per year. 
E) zero.

The Figure Above Shows the Demand for College Education (D)