Use the Figure Below to Answer the Following Questions

question 52

Multiple Choice

Use the figure below to answer the following questions. Figure 15.3.3
-Refer to Figure 15.3.3.The figure shows the marginal private benefit and marginal social cost of a university education.If society's external benefit from university graduates is $10,000 each,then the

• A)marginal social cost curve lies $10,000 to the left of the private marginal benefit curve.
• B)marginal social cost curve lies $10,000 to the right of the private marginal benefit curve.
• C)marginal social benefit curve lies $10,000 below the private marginal benefit curve.
• D)marginal social benefit curve lies $10,000 above the private marginal benefit curve.
• E)marginal social benefit curve is horizontal.

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Definitions:

ABC Model

A cognitive-behavioral model that outlines the relationship between antecedents, behaviors, and consequences, emphasizing how belief systems influence responses and behaviors.

Elaboration Likelihood Model

A theory in social psychology that explains two routes of persuasion: the central route for people highly involved in the content, and the peripheral route for less engaged audiences.

Internal Locus Of Control

The belief that one has control over their own life and outcomes, rather than external forces having that control.

Social Pressure

The influence exerted by society on individuals to adopt certain behaviors, norms, or attitudes.