Author Question: The table above shows the marginal costs and marginal benefits of college education. With public ... (Read 57 times)

BrownTown3 · **on:** Jun 29, 2018

The table above shows the marginal costs and marginal benefits of college education. With public provision of the efficient amount of college education, the cost paid by the taxpayers is

A) zero.
B) 8,000 per student.
C) 4,000 per student.
D) 12,000 per student.

Question 2

In 2008, Precision Pattern Interiors, which makes high-end aircraft interiors, began a 1 million renovation of a building at the Hutchinson Air Base Industrial Tract south of Yoder, Kansas.

The company will also add some 400,000 in new equipment and triple its Yoder work force. Which of Precision Pattern Interiors' decisions is a short run decision? A) triple its Yoder work force
B) 1 million renovation of a building at the Hutchinson Air Base Industrial Tract
C) 400,000 in new equipment purchases
D) All of these decisions are short run decisions.