Cameron is a bright high school senior who is thinking about going to college. The figure illustrates
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Cameron is a bright high school senior who is thinking about going to college. The figure illustrates the marginal benefits and marginal costs of going to college. Cameron's community derives benefits from Cameron's education, as illustrated by the positive externality curve above. Given this information, the privately optimal quantity of college for Cameron to attain is
a. 0 years.
b. 4 years.
c. 8 years.
d. 10 years.
e. 20 years.
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The privately optimal quantity of college for Cameron to attain is 8 years This is the point where t...View the full answer
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Related Book For 
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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