Most economist would consider the marginal private benefit of education is
A) less than the marginal social benefit.
B) equal to the marginal social benefit.
C) greater 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 education provides external benefits to society, such as a more informed citizenry and increased economic productivity, which are not captured in the private benefits.

Most Economist Would Consider the Marginal Private Benefit of Education