The Following Questions Refer to the graph below.
-Which of the following is true for the first years of education?

Question

The Following Questions Refer to the graph below. 
-Which of the following is true for the first years of education?

Quizplus · Accepted Answer

The graph shows that at the beginning of education, the marginal private benefit (MPB) of education is greater than the marginal private cost (MPC). This means that individuals are willing to pay more for education than it costs them to obtain it. As a result, they will continue to invest in education until MPB equals MPC, which occurs at point E. Therefore, choice B is correct. The other choices are incorrect because they are either comparing different variables or referring to points where MPB or MSB are either equal to or greater than their respective costs.

The Following Questions Refer to the Graph Below