Some economists argue that early child care generates an external benefit to society. Consider the following demand and supply graph for early childhood education. Demand: P= 1800-5Q Supply: P=...

Some economists argue that early child care generates an external benefit to society. Consider the following<br>demand and supply graph for early childhood education.<br>Demand: P= 1800-5Q<br>Supply: P= 1000+5Q<br>MEB= 400<br>1) What is the out of pocket price that consumers should pay in the socially optimal market?<br>

Extracted text: Some economists argue that early child care generates an external benefit to society. Consider the following demand and supply graph for early childhood education. Demand: P= 1800-5Q Supply: P= 1000+5Q MEB= 400 1) What is the out of pocket price that consumers should pay in the socially optimal market?

Jun 08, 2022

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Some economists argue that early child care generates an external benefit to society. Consider the following demand and supply graph for early childhood education. Demand: P= 1800-5Q Supply: P=...

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