-The figure shows the market for college education.In order for the efficient amount of education to occur,the government could provide a voucher of ________ per student.
A) $4,000
B) $8,000
C) $12,000
D) $20,000
E) $16,000

Question

-The figure shows the market for college education.In order for the efficient amount of education to occur,the government could provide a voucher of ________ per student.
A) $4,000 
B) $8,000 
C) $12,000 
D) $20,000 
E) $16,000

Quizplus · Accepted Answer

The efficient amount of education occurs when the marginal social benefit equals the marginal social cost. A voucher of $8,000 per student would align these, assuming the figure indicates this amount as the difference needed to reach efficiency.

-The Figure Shows the Market for College Education