The marginal private benefit of education is
A) equal to the marginal social benefit.
B) greater than the marginal social benefit.
C) less than the marginal social benefit.
D) equal to the marginal social cost.

Question

Quizplus · Accepted Answer

The marginal private benefit of education is typically less than the marginal social benefit because there are positive externalities associated with education that benefit society as a whole, beyond the individual receiving the education. These can include higher productivity, better health outcomes, and reduced crime rates, which are not captured in the private benefits to the individual.

The Marginal Private Benefit of Education Is