-The Above Figure Shows the Marginal Benefits and Marginal Costs

question 100

Multiple Choice

-The above figure shows the marginal benefits and marginal costs of a university education. What is the amount of the external benefit in the figure?

• A) $15,000
• B) $0
• C) $5,000
• D) $10,000

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Definitions:

Statistically Significant

Denotes a result that is unlikely to have occurred by chance alone, according to a pre-determined threshold for significance.

Clinical Scientists

are researchers or practitioners in the field of clinical psychology who apply scientific methods to study, understand, and treat psychological disorders.

Positive Correlation

A statistical relationship in which the values of two variables increase together or decrease together.

Negative Correlation

A statistical relationship in which the value of one variable increases while the other variable decreases.