What is the rationale for government provision of education?
a. Not all incomes are equal, but everyone has the right to education regardless of wealth.
b. Potential students consider only their personal benefits gained from education, but the rest of society benefits, too.
c. No education would be provided in the absence of government provision because everyone would consume it without paying.
d. The cost of providing education for the entire public is too large.
e. The government can provide education at a much lower cost than the private sector.
B
You might also like to view...
A firm should shut down if its total revenue is less than its ________ even when the firm produces the level of output at which price equals marginal cost.
A. marginal cost. B. fixed cost. C. total cost. D. variable cost.
Typically, the unemployment rate ________ during a recession and ________ during an expansion.
A. rises; does not change B. rises; falls C. rises; rises even more D. falls; rises
A firm produces 100 . units per week. It hires 10 full-time workers (40 hours/week) at an hourly wage of $20 . Raw materials are ordered weekly and they costs $5 for every unit produced. The weekly cost of the rent payment for the factory is $1,500 . How do the overall costs breakdown for the week?
a. total variable cost is $5,000 . total fixed cost is $1,500 . total cost is $6,500 b. total variable cost is $5,000 . total fixed cost is $9,500 . total cost is $14,500 c. total variable cost is $13,000 . total fixed cost is $1,500 . total cost is $14,500 d. total variable cost is $13,000 . total fixed cost is $9,500 . total cost is $22,500
From 1995 to 2015, the average return on venture capital investments has been around ________ per year, compared to about 10 percent for the stock market.
A. 30 percent B. 16 percent C. 12 percent D. 42 percent