Which of the following statements is true concerning marginal benefit and marginal cost of education?
A) The marginal private benefit is less than the marginal private costs for the 16th year of education.
B) The marginal private benefit is equal to the marginal private costs for the16th year of education.
C) The marginal private benefit is greater than the marginal private costs for the 16th year of education.
D) The marginal social benefit is greater than the marginal private costs for the 16th year of education.
Correct Answer:
Verified
Q11: Because of education society experiences a
A)positive private
Q12: When I benefit because you increase your
Q13: As years of education is increased
A)marginal benefit
Q14: The opportunity cost of education
A)increases with the
Q15: The acquired skills and knowledge that make
Q17: Which of the following statements is most
Q18: When a positive externality is present in
Q19: _ are benefits received by third parties.
A)Positive
Q20: The largest cost of attending college is
A)tuition.
B)tuition
Q21: Societies will provide assistance and incentive to
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