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
Chapter1: Making Economics Decisions
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![D 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
3,875
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fad61951d-78a6-4370-af39-8d7818cfc65e%2F9771089a-4f71-464b-8961-64446b96da31%2Fm74el0q_processed.png&w=3840&q=75)
Transcribed Image Text:D 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
3,875
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
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