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:

Interest Calculations

The process of determining the amount of interest owed or earned over a specific period of time, based on the principal amount and the rate of interest.

Journalize

The act of recording a transaction in an accounting journal in the form of a journal entry, following the double-entry system.

Interest Calculations

The process of determining the interest payment on a loan or financial product based on the principal, rate, and period.

Journalize

The act of recording transactions in a company's journal, which includes details like the date, accounts affected, and amounts involved.