Calculate the marginal social benefit schedule <?xml:namespace prefix = o ns = \

Question

Calculate the marginal social benefit schedule

<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /?>

Years of Education

<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /?> Sian

Years of Education

<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /?> Sian

Explanation / Answer

Marginal social benefit (MSB) = marginal benefit private + marginal benefit externally 10 year = > MSB = 20000+8000-15000=13000 11 year = > MSB = 19000+8000-16000=11000 10 year = > MSB = 18000+8000-17000=9000 10 year = > MSB = 17000+8000-18000=7000 10 year = > MSB = 16000+8000-19000=5000 10 year = > MSB = 15000+8000-20000=3000 10 year = > MSB = 14000+8000-21000=2000 10 year = > MSB = 13000+8000-22000=1000

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.