-The Above Figure Shows the Marginal Private Benefit and Marginal

question 429

Multiple Choice

-The above figure shows the marginal private benefit and marginal social cost of a college education. If society's external benefits from college graduates is $10,000 each, then

• A) a subsidy of $10,000 per student paid to colleges will achieve efficiency.
• B) a tax of $10,000 per student imposed on the colleges will achieve efficiency.
• C) 10 million students per year is the efficient number students.
• D) None of the above answers are correct.

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Definitions:

Functional Ability

The capacity of an individual to perform tasks or behaviors necessary for daily living.

Cultural Assessment

A systematic examination of an individual’s cultural beliefs, values, and practices to improve understanding and provide culturally sensitive healthcare.

Ongoing Assessment

A continuous evaluation process to monitor and evaluate a patient's condition and response to treatment over time.

Acetaminophen

A medication used to relieve pain and reduce fever; known for being gentle on the stomach and widely used in over-the-counter pain relievers.