In class, we calculated the externality through tax revenues of educating a Binghamton student, assuming some...

In class, we calculated the externality through tax revenues of educating a Binghamton student, assuming some parameter values (e.g. that combined state and local taxes are 12% of earnings). Your guess about those parameter values might be different from what we used in class. What’s your personal guess about the values of those parameters? Take your guess about those parameter values and calculate the size of the externality. Is the state’s subsidy of Binghamton students’ education larger or smaller than the externality through taxes? Do you think the externality through taxes is larger or smaller than the total externality?

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Rahul Sunny answered 2 years ago

In class, we calculated the externality through tax revenues of educating a Binghamton student, assuming some...

In class, we calculated the externality through tax revenues of educating a Binghamton student, assuming some parameter values (e.g. that combined state and local taxes are 12% of earnings). Your guess about those parameter values might be different from what we used in class. What’s your personal guess about the values of those parameters? Take your guess about those parameter values and calculate the size of the externality. Is the state’s subsidy of Binghamton students’ education larger or smaller than...

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In class, we calculated the externality through tax revenues of educating a Binghamton student, assuming some...

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In class, we calculated the externality through tax revenues of educating a Binghamton student, assuming some...

Write a class encapsulating the concept of a Student, assuming that the Student has the following...

Write a class encapsulating the concept of a Student, assuming that a student has the following...

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