The table above shows the marginal costs and marginal benefits of college education. If 8 million students are enrolled, the marginal external benefit is

A) zero.
B) $4,000.
C) $5,000.
D) $7,000.


D

Economics

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The population theory of Thomas Malthus

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Ed's Electronic Devices has an asset beta of 1.2. The market rate of return is 12% and the risk-free rate of return is 2%. Ed is considering updating his production technology

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Economics

Answer the following statements true (T) or false (F)

1. There is a correlation between the level of economic development of a nation and the status of its balance of trade. 2. The balance of payments is more like an income statement than a balance sheet. 3. If a U.S. farmer ships grain to Italy, this constitutes a debit transaction in Italy’s balance of payments. 4. Overseas investments by U.S. citizens are recorded as credit items in the financial account of the U.S. balance of payments. 5. Since unilateral transfers do not involve trading of goods or services, they are not included in the current account.

Economics