-The Table Above Provides Information About the Marginal Private Benefit

question 110

Multiple Choice

-The table above provides information about the marginal private benefit of education. The marginal private cost, which also equals the marginal social cost, of educating a student is $16,000 per year and does not change as more students are educated. There is an external benefit from education that is equal to $12,000 per student year and does not change as more students are educated. If the market for education is competitive and unregulated, the equilibrium quantity of education will be ________ and the tuition will be ________.

• A) 20,000 student-years; $20,000
• B) 40,000 student-years; $16,000
• C) 60,000 student-years; $12,000
• D) 80,000 student-years; $8,000

---

Definitions:

Cervixes

Plural form of cervix, referring to the lower, narrow end of the uterus at the top of the vagina.

Breastfeeding

The act of feeding a baby with milk directly from the mother's breast, providing nutrition and immune support.

WHO

The World Health Organization is a United Nations specialized agency tasked with overseeing global public health.

UNAIDS

The Joint United Nations Programme on HIV/AIDS, a global effort to end AIDS as a public health threat by 2030.