Which of the Following Is a Negative Externality Connected to Attending

question 115

Multiple Choice

Which of the following is a negative externality connected to attending college?

• A) The fact that completion of a college degree acts as a signaling mechanism to employers.
• B) The fact that other costs, such as books and materials, are incurred in addition to tuition and fees.
• C) The fact that your college has required that all individuals living in student housing either get or show they have already obtained vaccinations against all communicable diseases.
• D) The fact that the people in the next room play loud music at hours you want to sleep.
• E) The fact that you will get benefits from college that you don't currently anticipate.

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Definitions:

Average Revenue

The total revenue earned by a firm per unit of output sold.

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single entity controls the market price.

Marginal Cost

Marginal cost is the change in total cost that arises when the quantity produced changes by one unit. It's pivotal in decision-making processes regarding increasing or decreasing production.

Marginal Revenue

The extra financial gain from selling an additional unit of a product or service.