User Account

All Pages

Value of the voucher that will achieve number of students

Assignment Help Microeconomics
Reference no: EM131612436

Question: Use the following figure, which shows the demand for university education, to work.

1082_9.png

The marginal cost is a constant $6,000 per student per year. The marginal external benefit from a university education is a constant $4,000 per student per year.

If the government offers students vouchers, what is the value of the voucher that will achieve the efficient number of students?

Reference no: EM131612436

Questions Cloud

Do you think the arts are more diverse today : Do you think the arts are more diverse today than they were 50 years ago, or even 25 years ago? Why or why not?
What is worst case scenario for net cash flow and npv : What is the estimated Net Cash Flow and NPV of this project? What is the worst case scenario for Net Cash Flow and NPV of this project?
Discuss the fourth amendment paradox : Discuss the Fourth Amendment paradox that may exist in evaluating the effectiveness of the stop and frisk efforts within the New York City
Prepare the cash flows from operating activities section : Using the DIRECT METHOD, prepare the cash flows from operating activities section of the cash flow statement for the year ended 30 June 2016
Value of the voucher that will achieve number of students : The marginal cost is a constant $6,000 per student per year. The marginal external benefit from a university education is a constant $4,000 per student.
Explain relationship between art and social justice movement : Do you think there is a relationship between the arts and the social justice movement? Why or why not? Provide examples to support your opinion.
Write a paragraph summary of your experience : Select on and look at it in more depth, look at the video tutorials, and consider downloading a free trial, then write a paragraph summary of your experience.
Decisions can be analyzed in terms of alternative courses : As a manager, it is important to understand how decisions can be analyzed in terms of alternative courses of action and their likely impact on a firm's value
Define embezzlement and false pretenses : How do larceny and embezzlement differ and why are these differences important

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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