« previous next »

Author Question: Education has an external benefit. So to achieve the efficient level of education, an education ... (Read 71 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?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

External and cross-sectional view of an infarct caused by a myocardial infarction. External and cross-sectional view of an infarct caused by a myocardial infarction.
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
Rising sea level threatens coastal communities around the world Rising sea level threatens coastal communities around the world
How the Return to Education Affects the Distribution of Income How the Return to Education Affects the Distribution of Income
How the Distribution of Education Affects the Distribution of Income How the Distribution of Education Affects the Distribution of Income
Structural of external, middle and inner ear Structural of external, middle and inner ear
Video: Types of Transport - Uniport, Antiport and Symport (Glucose and Na+K+ Transporters)

For a complete list of videos, visit our video library