Use the Figure Below to Answer the Following Questions

question 73

Multiple Choice

Use the figure below to answer the following questions.

Figure 16.3.3
-Refer to Figure 16.3.3. 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.

---

Definitions:

Competitive

A characteristic of businesses or individuals that strive to provide products or services in a manner that outperforms their rivals.

Type A Orientation

The way people are characterized as competitive, impatient, aggressive, and achievement oriented.

Aggressive

A behavior characterized by boldness or assertiveness, with a possible inclination to dominate or challenge others.

Personality Types

A method for categorizing individuals into specific groups based on their patterns of behavior, thoughts, and feelings.