The table gives information about the marginal benefit and marginal cost of a trade school education. What is the value of the voucher that the government must provide to result in the efficient number of trade school students enrolled? The efficient number of trade school students will enroll if the government provides vouchers worth $ per student per year. >>> Remember that the amounts in the table are given in thousands of dollars. Marginal social Quantity Marginal (thousands private benefit benefit of students per year) 1 2 4 (thousands of dollars per student per year) 10 9 8 7 6 Marginal cost 13 12 11 10 9 10 10 10 10 10

The table gives information about the marginal benefit and marginal cost of a trade school education. What is the value of the voucher that the government must provide to result in the efficient number of trade school students enrolled? The efficient number of trade school students will enroll if the government provides vouchers worth $ per student per year. >>> Remember that the amounts in the table are given in thousands of dollars. Marginal social Quantity Marginal (thousands private benefit benefit of students per year) 1 2 4 (thousands of dollars per student per year) 10 9 8 7 6 Marginal cost 13 12 11 10 9 10 10 10 10 10

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter16: Labor Markets

Section: Chapter Questions

Problem 16.3P

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