Ed Moore and His Family Live in a City with Many

Essay

Ed Moore and his family live in a city with many private schools and one public school.The Moores are thinking of sending their only child to private school because they would like a school that has more teachers and other resources per student than the local public school.The Moores must pay taxes to support local public schools whether or not their child goes to private school.There is such a variety of private schools that the Moores can get just about any level of inputs per student by choosing the appropriate private school.Tuition in the private schools equals expenditure per student.Draw a diagram to show the Moores' budget constraint.Put expenditures per student in the child's school on the horizontal axis and other goods on the vertical.