The Figure Shows the Supply Curve (S) and the Demand

question 111

Multiple Choice

The figure shows the supply curve (S) and the demand curve (D) for college education. The external benefit from college education is $6,000 per student per year and is constant.
-In the figure above, with no government involvement and if the colleges are competitive, how many students are enrolled?

• A) 8 million per year
• B) 12 million per year
• C) 10 million per year
• D) 4 million per year

---

Definitions:

Hygiene Factors

Elements related to job conditions that can lead to dissatisfaction if absent, but do not necessarily motivate employees when present, as per Herzberg's Two-Factor Theory.

Job Dissatisfaction

The feeling of unhappiness or discontent with one's job, stemming from various factors such as working conditions, pay, or lack of fulfillment.

ERG Theory

A motivational theory developed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth.

Activated Needs

Activated needs are desires or requirements that have been triggered by internal or external stimuli, prompting individuals to take action.