If the Marginal Private Benefit of Attending College for Shelly

question 17

Multiple Choice

If the marginal private benefit of attending college for Shelly is $40,000 and the marginal external benefit is $15,000, she will attend university if the cost of attendance is no more than

• A) $55,000.
• B) $45,000.
• C) $40,000.
• D) $15,000.
• E) $25,000.

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Definitions:

Transactional Leadership

A leadership style focused on the exchange process between leaders and followers, emphasizing performance and rewards for achieving objectives.

Charisma

A compelling attractiveness or charm that can inspire devotion in others, often seen as a leadership trait.

Personal Reference

A recommendation provided by someone who knows you personally, rather than professionally, attesting to your character and abilities.

Transformational Leadership

A leadership approach that causes change in individuals and social systems, characterized by inspiring followers to exceed their own interests for the good of the organization or cause.