-The Above Figure Shows the Marginal Private Benefit and Marginal

question 92

Multiple Choice

-The above figure shows the marginal private benefit and marginal social cost of a college education. If society's external benefits from college graduates is $10,000 each, then the

• A) marginal social cost curve lies $10,000 to the left of the private marginal benefit curve.
• B) marginal social cost curve lies $10,000 to the right of the private marginal benefit curve.
• C) marginal social benefit curve lies $10,000 below the private marginal benefit curve.
• D) marginal social benefit curve lies $10,000 above the private marginal benefit curve.

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Definitions:

Self-Employed

A person who works for themselves and does not receive a salary from an employer, but instead earns income directly from their business or profession.

Work Settings

Work settings refer to the physical and social environments in which individuals carry out their job duties, including the organizational culture and structural aspects.

Four Year Colleges

Institutions of higher education that typically offer undergraduate degrees after a course of study lasting four years.

Biopsychological

Biopsychological pertains to the study of how biological factors influence behaviors, thoughts, and feelings.