Cameron is a bright high school senior who is thinking about going to college. The accompanying figure

Question:

Cameron is a bright high school senior who is thinking about going to college. The accompanying 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 socially optimal amount of college for Cameron to attain is

a. 0 years.

b. 4 years.

c. 8 years.

d. 10 years.

e. 20 years.

0 35 30 25 20 15 0 40 25- 20 10 5 MBte Positive Externality ****** MC MBocial 0 0 1 2 3 4 5 6 7 8 9 10 11 12