Time left 0:16:1 Suppose that elementary education creates a positive externality. If the government does not subsidize education, then Select one: O a. the equilibrium quantity of education will be less than the socially optimal quantity of education O b. the equilibrium quantity of education is optimal O c. the equilibrium quantity of education will be greater than the socially optimal quantity of education d. the equilibrium quantity of education will be equal to the socially optimal quantity of education

Time left 0:16:1 Suppose that elementary education creates a positive externality. If the government does not subsidize education, then Select one: O a. the equilibrium quantity of education will be less than the socially optimal quantity of education O b. the equilibrium quantity of education is optimal O c. the equilibrium quantity of education will be greater than the socially optimal quantity of education d. the equilibrium quantity of education will be equal to the socially optimal quantity of education

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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