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Question #6 - 10 Points Some education is funded by property taxes, whereas other forms of education are funded by charging tuition.

Question #6 - 10 Points
Some education is funded by property taxes, whereas other forms of education are funded by charging tuition.
Suppose that within a community, more money is needed for education. Assuming that they raise the same
amount of revenue, would the rising cost of education have the same e¤ect on the desired number of children
regardless of whether the system was funded by property taxes or tuition? Using the microeconomic theory
of fertility, trace the expected impacts. Draw a graph to answer this question.
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Economics-8359862.doc

According to the microeconomic theory of fertility a family’s decision to raise children is not only
based on society’s natural capital or the local wage levels but is also based upon private...

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