-The table above shows the marginal costs and marginal benefits of college education. If 20 million students are enrolled, the marginal external benefit is
A) zero.
B) $4,000.
C) $5,000.
D) $7,000.

Question

-The table above shows the marginal costs and marginal benefits of college education. If 20 million students are enrolled, the marginal external benefit is
A) zero. 
B) $4,000. 
C) $5,000. 
D) $7,000.

Quizplus · Accepted Answer

The marginal external benefit is the benefit that accrues to society as a whole from the education of an additional student. In this case, the marginal external benefit is $4,000.

-The Table Above Shows the Marginal Costs and Marginal Benefits