At a level of real disposable income of 0, consumption is $4000. Then

The figure shows the market for college education. In order for the efficient amount of education to occur, the government could provide a voucher of ________ per student

A) $4,000 B) $8,000 C) $12,000 D) $20,000 E) $16,000

Refer to the scenario above. If the marginal cost of producing the last unit of the good is $40, Nash equilibrium will occur when both firms charge a price of ________

A) $20 B) $40 C) $60 D) $70