-The Table Above Shows the Marginal Costs and Marginal Benefits

question 206

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, the amount of enrollment is

• A) efficient.
• B) inefficient because marginal social cost exceeds marginal social benefit.
• C) inefficient because marginal social benefit exceeds marginal social cost.
• D) inefficient because the quantity of education demanded exceeds the quantity of education supplied.

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Definitions:

Internal Controls

Procedures and policies implemented by a company to ensure the integrity of financial and accounting information, promote accountability and prevent fraud.

Independent

Free from external control or influence; not connected or dependent on something else.

Internal Control Systems

Processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Financial Results

The outcomes of a company's operations and activities in terms of profit or loss, revenue, and expense over a specific period.