Use the Following Diagram to Answer the Following Questions

question 50

Multiple Choice

Use the following diagram to answer the following questions.

-Refer to Diagram 10-1. When marginal social costs are equal to MSC2, which is true?

• A) The socially efficient level of education = the equilibrium quantity of education.
• B) There are no additional external benefits associated with more education.
• C) There is not a compelling argument for government subsidization of education.
• D) All of the above.

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A quick diagnostic test performed to determine the presence of streptococcus bacteria in the throat, typically used to diagnose strep throat.

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