« previous next »

Author Question: Education has an external benefit. So to achieve the efficient level of education, an education ... (Read 114 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
on: Jun 29, 2018
Education has an external benefit. So to achieve the efficient level of education, an education voucher must equal the difference between the
 
  A) marginal (private) cost and the marginal social benefit.
  B) marginal (private) benefit and the marginal social benefit.
  C) marginal social benefit and the marginal (private) cost.
  D) dollar price and marginal (private) cost.
  E) marginal (private) cost and the marginal social cost.

Question 2

Refer to the scenario above. What is Alice's optimal bidding price?
 
  A) 25,000
  B) 30,000
  C) 24,000
  D) 36,000
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


ky860224

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
Education System Education System
The Gender Pay Gap, by Education The Gender Pay Gap, by Education
(A) A brisk half-moon stroke is an efficient technique to use with the body brush or exfoliation ... (A) A brisk half-moon stroke is an efficient technique to use with the body brush or exfoliation ...
Normal change in sea level Normal change in sea level
Sea-Level Pressure Sea-Level Pressure
Video: hGH (protein synthesis, growth and development)

For a complete list of videos, visit our video library