-The table above gives the marginal social cost (which equals the price), marginal private benefit, and marginal social benefit of students attending Diablo Valley College (DVC) in Concord, California.
a) When 4,500 students attend DVC, what does the marginal external benefit equal?
b) If the market is competitive and left without government intervention, what is the quantity of students that will attend DVC and what will be the price of a course?
c) What is the efficient quantity of students attending DVC?
d) If the government can set the price per course, in order to have the efficient quantity of students attending DVC, what should the government set as the price?
Definitions:
Transformational Leadership Theory
A theory of leadership that emphasizes the role of leaders in inspiring and motivating followers to achieve higher levels of performance by appealing to their values and sense of higher purpose.
Leadership Grid
A model for evaluating leadership styles based on concern for people and concern for production, identifying optimal balances.
Skills Approach
A leadership perspective that emphasizes the importance of learned skills and abilities for effective leadership performance.
Collaborating
Working together cooperatively with others towards a common goal, sharing resources, ideas, and efforts.
Q9: The above figure shows the U.S.market for
Q15: The figure above shows the marginal social
Q21: In a separating equilibrium,there is _ of
Q85: Relative to free trade,when a tariff is
Q90: Ocean fish are considered rival because a
Q107: Which of the following goods is best
Q119: Which of the following is NOT an
Q128: Mary is currently buying apples and oranges
Q176: The figure above shows the marginal cost
Q285: When the production of a good has