-The figure above shows the marginal social costs (MSC) , marginal private benefits (MB) , and marginal social benefits (MSB) of university education in Inland. The efficient level of university enrolment in Inland is

Question

Quizplus · Accepted Answer

The efficient level of university enrolment is where the marginal social benefits (MSB) equal the marginal social costs (MSC). This point ensures that the social welfare is maximized, taking into account both the private benefits and costs and any externalities. In the scenario described, without a specific figure provided, the correct answer is determined by the principle that the efficient level of enrolment is at the intersection of MSB and MSC curves. Since the exact intersection point is not provided in the text, the answer relies on understanding this economic principle rather than specific data from the figure.

-The Figure Above Shows the Marginal Social Costs (MSC), Marginal