The figure above shows the demand for college education (D) , the marginal social benefit of college education (MSB) , and the marginal cost of the private schools (MC) .
-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 ________.
Definitions:
Marginal Product
The additional output that results from using one more unit of a specific input, keeping other inputs constant.
Third Worker
In the context of labor and production, refers to the addition of a third employee in a process, which can affect productivity differently depending on the scenario.
Marginal Product
Additional output gained by employing one more unit of production.
Second Worker
The term "second worker" can refer to an additional employee hired to perform tasks, often implying the expansion of workforce due to increased workload.
Q6: Which of the following best describes an
Q42: The above figure shows the U.S.market for
Q127: If a good has an external cost,then
Q143: If total fixed cost increases,which of the
Q155: To determine who bears the greater share
Q180: A price floor makes prices<br>A)below the price
Q195: The Jerry-Berry Ice Cream Shoppe's total cost
Q199: The above table has the total product
Q212: Using the figure above,suppose a subsidy of
Q244: A rent ceiling creates a deadweight loss<br>A)if