-The Marginal Cost of Educating a Student Is $30,000, and This

question 380

Multiple Choice

-The marginal cost of educating a student is $30,000, and this cost is independent of the number of students. The figure above shows the marginal private benefit that a student receives from education. If schools are competitive, how many students are enrolled?

• A) zero
• B) 20,000
• C) 50,000
• D) It depends on the demand.

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Definitions:

Class String

A class in Java that is used to create and manipulate a sequence of characters.

Actual Parameter

The specific value provided to a function or a method when it is called, serving as input to execute the function.

Return Statement

A statement in programming that ends the execution of a function and optionally returns a value to the caller.

Static

A keyword in programming languages that indicates a member of a class is shared among all instances or is accessible without needing an instance.