You are given the following information for two hypothetical schools: Triton College can teach 15 Oceanography (OCN) courses OR 5 Political Science (POLI) courses, while Capitol University can teach 28 OCN courses OR 7 POLI courses. Assume that the faculty at each school is homogeneous. a. Which is more efficient at teaching OCN? b. Which is more efficient at teaching POLI? c. Suppose that Capitol University merges with Triton College to form Capitron Academy. Draw the PPF for Capitron Academy. Note:-

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A: Then the market demand for public can be calculated as follows.

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Q: externality

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Q: What is an externality? And why are capitalist economies beset with pollution problems?

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A:

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A: (Note: Since the question has multiple parts, only first three have been solved. Please resubmit the…

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