(Answered) Question use the following figure which shows the demand

Economics

Question: Use the following figure, which shows the demand for university education, to work.

The marginal cost is a constant $6,000 per student per year. The marginal external benefit from a university education is a constant $4,000 per student per year.

If the government offers students vouchers, what is the value of the voucher that will achieve the efficient number of students?

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Microeconomics, Economics

Category:- Microeconomics
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