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Figure 5-B -Refer to Figure 5-B.Suppose That Education Provides Spillover Benefits to Spillover

Question 154

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Figure 5-B Figure 5-B -Refer to Figure 5-B.Suppose that education provides spillover benefits to the community as illustrated in the diagram.Based on this information, we can say that: A) the market would fall short of the desirable level of education, Q<sub>0</sub>. B) education is overproduced by Q<sub>1</sub> minus Q<sub>0</sub> units. C) the socially optimal quantity of education is Q<sub>1</sub> units. D) the socially optimal quantity of education is Q<sub>0</sub> units.
-Refer to Figure 5-B.Suppose that education provides spillover benefits to the community as illustrated in the diagram.Based on this information, we can say that:


A) the market would fall short of the desirable level of education, Q0.
B) education is overproduced by Q1 minus Q0 units.
C) the socially optimal quantity of education is Q1 units.
D) the socially optimal quantity of education is Q0 units.

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