User Account

All Pages

Find tuition that will achieve efficient number of students

Assignment Help Microeconomics
Reference no: EM131612505

Question: The table shows the demand for university education.

        Price                             Quantity
(dollars per student)          (students per year)

        6,000                             10,000

        5,000                             20,000

        4,000                             30,000

        3,000                             40,000

        2,000                             50,000

The marginal cost of educating a student is a constant $4,000 a year and education creates an external benefit of a constant $2,000 per student per year.

If all universities are public, calculate the tuition that will achieve the efficient number of students. How much will taxpayers have to pay?

Reference no: EM131612505

Questions Cloud

Should childhood vaccines be mandatory : While Canadian vaccination rates are high, the outbreaks of measles in five provinces during 2014 show that not everyone is getting them.
Prison officials describe prison capacity : Prison officials describe prison capacity in three distinct fashions, explain why your idea would be successful
Explain difficulty members face in finding new care options : Explain difficulty members may face in finding new care options. The concerns that may need to be addressed for members seeking new care options.
Who is eligible to claim jane as a dependent : ACCT 323 7980 INCOME TAX FINAL EXAMINATION. Who is eligible to claim Jane as a dependent? What must be done before Jack can claim the exemption
Find tuition that will achieve efficient number of students : The marginal cost of educating a student is a constant $4,000 a year and education creates an external benefit of a constant $2,000 per student per year.
Develop a written model of situational leadership : Develop a written model of situational leadership she could have used instead of banning the practice to predict the result.
Explain the eight intellectual standards : Describe how each of the eight intellectual standards were used or not used in the article supported by a example
The concepts of continuity or continuum of care : the concepts of continuity or continuum of care, Accountable care organizations (ACO), medical homes, and nurse-managed health clinics.
Calculate the number of students and the deadweight loss : The marginal cost of educating a student is a constant $4,000 a year and education creates an external benefit of a constant $2,000 per student per year.

Reviews

Write a Review

Microeconomics Questions & Answers

  Identify the fallacy used in the selected advertisements

identify the fallacy used in the selected advertisements, discuss the primary reasons why you believe that the advertisers have used the fallacy in question.

  Determine the equilibrium price and quantity

Outline the significant factors that could cause changes in supply and demand for the product. Determine the primary manner in which both the short-term and the long-term changes in market conditions could impact the demand for, and the supply, of..

  Firms ability to act as a monopolist

In the U.S., for approximately the past 100 years, it has been the policy of the U.S. government to prevent firms from obtaining enough share of a market to act as a monopolist.

  Explain how an optimal monetary policy could influence

Explain how an optimal monetary policy could influence the global financial crisis. Support your paper with 4-5 scholarly resources. In addition to these specified resources, other appropriate scholarly resources may be included.

  What were the purposes or goals of these programs

What were the purposes or goals of these programs? What impact did these programs have on the people you met on the virtual field trip?

  Find the total market demand for polyglue at price

alchem l is the price leader in the polyglue market. all 10 other manufacturers follower f firms sell polyglue at the

  Compute the least-squares regression line of y on x

Our bodies might also spontaneously increase their basal metabolic rate (BMR), which measures energy use while resting. If both energy uses increased, regressing fat gain on NEA alone, Make a scatterplot of these data. The relationship appears to..

  Compute breakeven number of additional customers for each

a. calculate the breakeven number of additional customers for each added hour of operation up to 4am.b. calculate the

  Demand or supply of gasoline

The demand for energy in the United States is often stated as persistently non-cyclical and not sensitive to both prices effects. Given such characteristics, explain the effect of each of the following on the demand or supply for gasoline.

  Identify three criticisms of gdp as a measure of economic ac

Identify three criticisms of GDP as a measure of economic activity.

  How can that change increaseincrease the countrys well-being

Normal 0 false false false EN-US X-NONE X-NONE If a country exports agricu..

  Economic implications of action in the gasoline markets

What are the economic implications of action in the gasoline markets? Use graphs as needed and explain your answers thoroughly.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd