-The Table Above Shows the Marginal Costs and Marginal Benefits

question 150

Multiple Choice

-The table above shows the marginal costs and marginal benefits of college education. If the market for college education is perfectly competitive and unregulated, at the equilibrium quantity, the marginal external benefit is

• A) zero.
• B) $5,000.
• C) $4,000.
• D) $8,000.

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Definitions:

Generation X

The demographic cohort following the baby boomers and preceding the Millennials, typically born between the mid-1960s and early 1980s, known for their resourcefulness and independent thinking.

Generation Y

Also known as Millennials, refers to the cohort of individuals born approximately between 1981 and 1996, known for their familiarity with digital technology and media.

Baby Boomers

A demographic group born during the post-World War II baby boom, approximately between the years 1946 and 1964.

Adultcentrism

The assumption that only adults can make substantial contributions to society.