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

question 67

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. An independent government agency determines that the efficient number of students is 40,000. What subsidy per student must be given to colleges to make the efficient number of students undertake education?

• A) It depends on the demand.
• B) $20,000
• C) $30,000
• D) $10,000

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Definitions:

Darwin's Theory

A scientific theory developed by Charles Darwin that explains the diversity of life on Earth through the process of natural selection.

Evolutionary Change

A process through which organisms adapt and evolve over time due to genetic variations and environmental pressures.

Reproductive Success

The passing of genes onto the next generation in a way that they too can pass on those genes.

Epigenetic Study

Research focused on changes in gene expression caused by mechanisms other than changes in the DNA sequence itself.