Close Window a) Moving to another question will save this response. Question 4 o

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Close Window a) Moving to another question will save this response. Question 4 of 5 Question 4 6 points Saved In the educational voucher case, parents who sent their child to public schools which were paid by taxes, now with vouchers end up spending Less money on education that they did without vouchers O b. One can not tell which if the above is true but the parents do end up on a higher indifference curve. C. The same amount of money but they get more education. More money on education that they did without vouchers. Moving to another question will save this response. Question 4 of 5 Close Window MacB esc F2

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Ans4) D is the correct option. More money on education that they did without vouchers. when an educational voucher system was adopted where parents spend their share of education tax dollars at any school, then we could expect families to go for more education because they don't have to pay double for private education.

Ans5) A is the correct option. Law of diminishing returns. Law of diminishing returns happens when more and more units of a variable input are employed on a given quantity of fixed inputs, the total output eventually decline.

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