Question 14 Marginal Social Cost (dollars per course) Quantity (Number of Students) Marginal Private Marginal Social Benefit Benefit 60 3,500 70 120 65 3,625 65 115 70 3,750 60 110 75 1,875 55 105 80 4,000 50 100 85 4,125 45 95 90 4,250 40 90 95 4,375 35 85 100 4,500 30 80 105 4,625 25 75 110 4,750 20 70 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. The socially efficient number of students attending DVC is

Question 14 Marginal Social Cost (dollars per course) Quantity (Number of Students) Marginal Private Marginal Social Benefit Benefit 60 3,500 70 120 65 3,625 65 115 70 3,750 60 110 75 1,875 55 105 80 4,000 50 100 85 4,125 45 95 90 4,250 40 90 95 4,375 35 85 100 4,500 30 80 105 4,625 25 75 110 4,750 20 70 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. The socially efficient number of students attending DVC is

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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