Which of the Following Statements Is True Concerning Marginal Benefit

question 13

Multiple Choice

Which of the following statements is true concerning marginal benefit and marginal cost of education?

• A)The marginal private benefit is less than the marginal private costs for the first few years of education.
• B)The marginal private benefit is equal to the marginal private costs for the first few years of education.
• C)The marginal private benefit is greater than the marginal private costs for the first few years of education.
• D)The marginal social benefit is greater than the marginal private costs for the first few years of education.

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Definitions:

Individualism

A cultural value or social outlook that emphasizes the importance of personal independence and self-reliance over group cohesion.

Paraprofessionals

Trained aides who assist professionals, particularly in educational, legal, and health care settings, but do not have the full professional qualifications.

Therapeutic Alliance

A bond of trust and mutual understanding between a healthcare provider and a patient, critical for effective therapy.

Collectivism

Giving priority to the goals of one’s group (often one’s extended family or work group) and defining one’s identity accordingly.