-The above figure shows the marginal benefits and marginal costs of a college education. The efficient number of students is
A) 0.
B) 10 million.
C) 15 million.
D) 25 million.

Question

-The above figure shows the marginal benefits and marginal costs of a college education. The efficient number of students is
A) 0. 
B) 10 million. 
C) 15 million. 
D) 25 million.

Quizplus · Accepted Answer

The efficient number of students is where the marginal benefit equals the marginal cost, which is typically shown at the intersection of the two curves.

-The Above Figure Shows the Marginal Benefits and Marginal Costs