This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Using the figure above, suppose a subsidy of 15,000 per student is provided to private colleges. ... (Read 70 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
Using the figure above, suppose a subsidy of 15,000 per student is provided to private colleges. When the market is in equilibrium, marginal social benefit ________ marginal cost, and the number of students enrolled is ________.
 
  A) exceeds; above the efficient quantity
  B) exceeds; below the efficient quantity
  C) is below; above the efficient quantity
  D) is below; below the efficient quantity
  E) equals; efficient

Question 2

A south sea island produces only coconuts. In 2012, the price of a coconut is 1 and the quantity produced is 200. In 2013, the price of a coconut is 1.50 and the quantity produced is 250. 2012 is the base year. Real GDP in 2013 is ________.
 
  A) 375
  B) 350
  C) 200
  D) 250
  E) 1.50


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

orangecrush

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

E

Answer to Question 2

D


jrubin

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

softEldritch

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

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.

SpaceShipOne completed the first manned private spaceflight in 2004, reaching an altitude of 100.124 SpaceShipOne completed the first manned private spaceflight in 2004, reaching an altitude of 100.124
Methods to Document Peripheral Pulses A. Stick Figure Peripheral Pulse Documentation B. Tabular Peri Methods to Document Peripheral Pulses A. Stick Figure Peripheral Pulse Documentation B. Tabular Peri
Nursing student will find it funny Nursing student will find it funny
Statuette of a Male Figure Statuette of a Male Figure
Please advise 'How To' on Real Estate Math problem (Answer Provided)? Please advise 'How To' on Real Estate Math problem (Answer Provided)?
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Video: How do the different types of chromatography work? (No Audio)

For a complete list of videos, visit our video library