From an economic perspective,when a student decides to attend another year of college,the student has concluded that the marginal:
A) costs of attending college have increased that year.
B) benefits of attending college have decreased that year.
C) benefits of attending college are greater than the marginal costs.
D) costs of attending college will be subsidized by someone else such as parents or the government.

Question

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When a student decides to attend another year of college, they have concluded that the benefits of attending college are greater than the marginal costs. This means that the student believes that the additional year of education will provide enough benefits, such as increased job opportunities or higher earnings, to outweigh the additional costs, such as tuition fees and living expenses. Therefore, the student has decided that the marginal benefits of attending college are greater than the marginal costs.

From an Economic Perspective,when a Student Decides to Attend Another