The graph shows the marginal private benefit from a dentistry degree and the marginal cost of obtaining a dentistry degree. The marginal external benefit is $8,000 per dentistry graduate per year. Suppose the government offers vouchers to those who enroll at a dental school. Draw the marginal social benefit curve. Label it MSB. Draw an arrow at the efficient number of students to show the value of the voucher that achieves the efficient number of students. The value of the voucher that achieves the efficient number of students is $ per student. >>> Remember that the quantity given on the y-axis is in thousands of dollars. Selected: none G -- 28T 24- 20- 16- 12- 8- 4- 0- 0 Price and cost (thousands of dollars) Delete Clear D=MB 10 20 Students (thousands per year) >>> Draw only the objects specified in the question. ? S=MC 30 Next Q S x

The graph shows the marginal private benefit from a dentistry degree and the marginal cost of obtaining a dentistry degree. The marginal external benefit is $8,000 per dentistry graduate per year. Suppose the government offers vouchers to those who enroll at a dental school. Draw the marginal social benefit curve. Label it MSB. Draw an arrow at the efficient number of students to show the value of the voucher that achieves the efficient number of students. The value of the voucher that achieves the efficient number of students is $ per student. >>> Remember that the quantity given on the y-axis is in thousands of dollars. Selected: none G -- 28T 24- 20- 16- 12- 8- 4- 0- 0 Price and cost (thousands of dollars) Delete Clear D=MB 10 20 Students (thousands per year) >>> Draw only the objects specified in the question. ? S=MC 30 Next Q S x

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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