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Assume Each College Degree That Is Granted Conveys an External

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Assume each college degree that is granted conveys an external benefit of $3,500. The granting of the 500th college degree entails a private cost of $15,000 and a private value of $25,000. What is the social value of the 500th college degree?


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Computer programs designed for creating, editing, formatting, and sometimes printing text-based documents.

Superscripts

Small characters or symbols set slightly above the normal line of text, often used in mathematical expressions, footnotes, or chemical formulae.

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Pertaining to sight, these are elements like charts, graphs, or images used to convey information or ideas.

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A visual representation of data or ideas, such as a chart, diagram, or image, designed to make complex information easier to understand.

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