Assume Each College Degree That Is Granted Conveys an External

question 87

Essay

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

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Definitions:

Sexually Promiscuous

Describing someone who engages in sexual activities with multiple partners without necessarily seeking long-term relationships.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Reproductive Strategy

The methods or behaviors used by species to reproduce and ensure the survival of their genetic material.

Primate

A member of the mammalian order Primates, which includes humans, apes, monkeys, and prosimians, characterized by large brains, forward-facing eyes, and opposable thumbs.