If the marginal private benefit of attending college for Shelly is $40,000 and the marginal external benefit is $15,000, she will attend college if the cost of attendance is no more than
A) $55,000.
B) $45,000.
C) $40,000.
D) $25,000.
E) $15,000.
C
You might also like to view...
In the United States, the rich pay a disproportionate share of the cost of government
Indicate whether the statement is true or false
Which of the following are TRUE regarding "positive" statements?
I. They describe what "ought to be." II. They describe what is believed about how the world appears. III. They can be tested as to their accuracy. A) I and II B) II and III C) I and III D) I, II and III
The coupon equivalent yield of a one-year Treasury bill with a $1,000 face value and a current price of $970 is __________ percent
A) 3.1 B) 3.0 C) 9.7 D) None of the above.
An anti-inflation policy that involves announcing and executing tough measures to stop inflation is called _____
a. cold turkey b. red tape c. a pork-barrel policy d. chokehold e. time-inconsistency