The graph shows the marginal private benefit from a dentistry degree and the marginal cost of obtaining a dentistry degree.
The marginal external benefit is $4,000 per dentistry graduate per year.
Suppose the government decides to provide public dental schools.
Draw the marginal social benefit curve. Label it MSB.
Draw a line that shows the tuition that dental schools charge to achieve the efficient number of students. Label it Tuition.

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates