Use the following to answer question: 
-(Table: The Total Utility of Income After College Expenses) Use Table: The Total Utility of Income After College Expenses.The Smith family's expected income after tuition is:
Definitions:
Subsidy
Financial support provided by the government to businesses, individuals, or other entities, aimed at promoting economic activities or ensuring the affordability of basic goods.
Tariffs
Taxes imposed by a government on imported goods in order to protect domestic industries or to generate revenue.
Quotas
A quota is a government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified period.
Free Trade Agreements
Treaties between two or more countries to establish a free trade area, where commerce is conducted without tariffs or restrictions.
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