-The Marginal Cost of Educating a Student Is $30,000, and This

question 380

Multiple Choice

-The marginal cost of educating a student is $30,000, and this cost is independent of the number of students. The figure above shows the marginal private benefit that a student receives from education. If schools are competitive, how many students are enrolled?

• A) zero
• B) 20,000
• C) 50,000
• D) It depends on the demand.

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Definitions:

Fibularis Longus

A muscle of the lower leg that helps in the flexion and supination of the foot.

Credibility

The quality of being trusted and believed in, often achieved through consistency, accuracy, and reliability.

Common Ground

The shared beliefs, values, or positions among different parties which can be used as a basis for mutual understanding or agreement.

Audience

Refers to the group of individuals for whom a message, presentation, or piece of content is intended.