Which of the Following Statements Is True Concerning Marginal Benefit

question 30

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 16th year of education.
• B)The marginal private benefit is equal to the marginal private costs for the16th year of education.
• C)The marginal private benefit is greater than the marginal private costs for the 16th year of education.
• D)The marginal social benefit is greater than the marginal private costs for the 16th year of education.

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Definitions:

Self

One’s identity, comprising a set of learned values and attitudes that develops through social interaction and defines one’s self-image.

Evolutionary Theory

A scientific theory that explains the diversity of life on Earth through processes like natural selection and genetic mutation over time.

Genes

Basic units of heredity made up of DNA which code for specific characteristics in living organisms.

Nature Argument

A viewpoint in the nature versus nurture debate that attributes certain behaviors or traits solely to biological factors, ignoring environmental influences.