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QUESTION
The accompanying table illustrates the marginal benefit to Sian per year of education and the marginal cost per year of education.
The accompanying table illustrates the marginal benefit to Sian per year of education and the marginal cost per year of education. Each year of education has a marginal external benefit to society equal to $8,000. Assume that the marginal social cost is the same as the marginal cost paid by an individual student.
