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
Chapter16: Labor Markets
Section: Chapter Questions
Problem 16.3P
Related questions
Question
![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
3
4
5
(thousands of dollars per student per year)
10
9
8
7
6
3219
11
Marginal
cost
10
9
10
10
10
10
2999
10](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faf6af6c0-a017-4a22-85ef-37e45229a868%2Fef5fea68-a728-44b0-9a53-2168b46d7975%2Ft9chi8e_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
3
4
5
(thousands of dollars per student per year)
10
9
8
7
6
3219
11
Marginal
cost
10
9
10
10
10
10
2999
10
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