Do you get a worse education on average

Reference no: EM131830889

a. Is education-a college course, for instance-excludable?

b. Is education a rival good? That is, if your class has more students, do you get a worse education on average? Do students (and parents) typically prefer smaller class sizes? Do professors typically prefer smaller classes? Does it usually cost more for a school to educate more students?

c. According to the standard economists' definition of a public good-the definition we use in this chapter-is education a public good?

d. Into which of the four categories from Table 19.1 does education seem to fit best?

Reference no: EM131830889

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