-The Table Above Provides Information About the Marginal Private Benefit

question 95

Multiple Choice

-The table above provides information about the marginal private benefit for education. The marginal private cost, which also equals the marginal social cost, of educating a student is $16,000 per year and does not change as more students are educated. There is an external benefit from education that is equal to $12,000 per student year and does not change as more students are educated. If the government undertakes public provision of the efficient amount of education, how much will the government charge for tuition?

• A) $16,000
• B) $4,000
• C) $8,000
• D) $12,000

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