If the Marginal Benefit of Getting a College Degree Rises,rational

question 29

Multiple Choice

If the marginal benefit of getting a college degree rises,rational people will

• A) attend college in greater numbers.
• B) drop out of college.
• C) not change their behavior.
• D) require that college get easier.
• E) raise the marginal cost of attending college.

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Definitions:

Consumers

Individuals or groups who purchase goods or services for personal use and not for manufacturing or resale.

Promise

A declaration or assurance that one will do something or that a particular thing will happen.

Value

The importance, worth, or usefulness of something, often considered in terms of how much something is worth to someone.

Trade Dress

The visual appearance of a product or its packaging that signifies the source of the product to consumers, including features such as design, color, or shape.