« previous next »

Author Question: Education has an external benefit. So to achieve the efficient level of education, an education ... (Read 153 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 longest a person has survived after a heart transplant is 24 years.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

External beam radiotherapy. External beam radiotherapy.
Intradermal drug administration: (b) the administration site is prepped Source: Pearson Education/PH Intradermal drug administration: (b) the administration site is prepped Source: Pearson Education/PH
Structures of the external ear, middle ear, and inner ear Structures of the external ear, middle ear, and inner ear
Use an Automated External Defibrillator Use an Automated External Defibrillator
In 2008, Barack Obama was elected president of the United States, the first minority to achieve this ... In 2008, Barack Obama was elected president of the United States, the first minority to achieve this ...
World Mean Sea-Level Temperatures in July World Mean Sea-Level Temperatures in July
Video: Secretin (inhibiting gastric acid secretion), Cholecystokinin (fat digestion) & Cholecystokinin

For a complete list of videos, visit our video library