-The Table Above Shows the Marginal Costs and Marginal Benefits

question 31

Multiple Choice

-The table above shows the marginal costs and marginal benefits of college education. With public provision of the efficient level of college education, tuition is

• A) $10,000 per year.
• B) $12,000 per year.
• C) $14,000 per year.
• D) $16,000 per year.

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Definitions:

Human Thinking

The process by which humans form thoughts, make decisions, solve problems, and engage in various forms of cognition.

Cognitive Dissonance

The mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time.

Psychological Tension

A state of mental or emotional strain, often resulting from challenging or demanding circumstances.

Attributions

Explanations that individuals create for the causes of their own and others' behaviors and events.