If a Positive Externality Results from the Consumption of Higher

question 24

Multiple Choice

If a positive externality results from the consumption of higher education, then the marginal benefit students receive from education:

• A)​equals the marginal social benefit.
• B)​is less than the marginal social benefit.
• C)​includes the marginal external benefit.
• D)​exceeds the marginal social benefit.

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Definitions:

Large Packs

Product packaging that contains a significantly larger quantity of items, often resulting in a lower cost per unit for consumers.

Basics

Fundamental principles or essential facts concerning a subject.

Off-price Retailers

Retailers who provide high quality goods at lower prices by selling excess inventory or out-of-season items procured from wholesalers or manufacturers.

Stock Merchandise

Stock Merchandise refers to the inventory of goods that a retailer has on hand to sell to customers.