Marginal private benefit Marginal social benefit Quantity (students per year) (dollars per student per year) 100 10,000 13,000 200 9,000 12,000 300 8,000 11,000 400 7,000 10,000 500 6,000 9,000 If tuition is $10,000 per student per year, what is the value of the voucher that

Marginal private benefit Marginal social benefit Quantity (students per year) (dollars per student per year) 100 10,000 13,000 200 9,000 12,000 300 8,000 11,000 400 7,000 10,000 500 6,000 9,000 If tuition is $10,000 per student per year, what is the value of the voucher that

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter16: Government Spends, Collects, And Owes

Section16.2: The Functions Of Government

Problem 1R

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Question

The table gives information about the benefits of a trade school education.
Marginal
private
benefit
Marginal
social
benefit
Quantity
(students
(dollars per student per
year)
per year)
100
10,000
13,000
200
9,000
12,000
300
8,000
11,000
400
7,000
10,000
500
6,000
9,000
If tuition is $10,000 per student per year, what is the value of the voucher that
will encourage the efficient number of students to enroll?
The government needs to provide vouchers of $ Type per student per year.

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