Quantity (millions Marginal private of students per Marginal private Marginal social cost and marginal social cost year) benefit (thousands | benefit (thousands of dollars per of dollars per (thousands of student per year) student per year) dollars per student 4 per year) 8 20 28 8 18 25 10 12 16 22 12 16 14 19 14 20 12 16 16 24 10 13 18 32) The table above shows the marginal costs and marginal benefits of college education. If 20 million students are enrolled, the marginal external benefit is A) $5,000. B) zero. C) $7,000. D) $4,000. 33) An externality can be a cost or benefit arising from the production of a good that falls upon A) consumers but not producers. B) producers but not consumers. C) both the consumer and the producer. D) someone other than the consumer or producer. 34) For health care, the perceived marginal benefit the marginal social benefit. A) is equal to B) is greater than C) is less than D) cannot be compared to 35) In 2008, a man was charged with one count of illegally stocking wild animals, a civil offense. State investigators had accused him of bringing 31 wild hogs from Texas to Wisconsin to hunt on his private land in 2002, spawning a feral hog population that has caused thousands of dollars in crop damage to hundreds of farms in the region. The marginal external of the man's movement of feral pigs is A) benefits; positive B) costs; positive. C) costs; negative. D) benefits; negative 36) The demand for factor is driven by the demand for goods and services produced by that factor of production. This phenomenon is referred to as A) elastic demand. B) joint demand. C) inverse demand. D) derived demand. 37) In recent years, information technology such as computers and scanners have been a for low -skilled labor and have led to wage rates for low-skilled workers. A) substitute; lower B) substitute; higher C) complement; lower D) complement; higher 38) In 2008, a man was charged with one count of illegally stocking wild animals, a civil offense. State investigators had accused him of bringing 31 wild hogs from Texas to Wisconsin to hunt on his private land in 2002, spawning a feral hog population that has caused thousands of dollars in crop damage to hundreds of farms in the region. What is the externality in this example? A) Bringing 31 wild hogs from Texas to Wisconsin to hunt on his private land B) Crop damage C) Illegally stocking wild animals D) Spawning a feral hog population 39) An externality can be a A) cost or a benefit. B) marginal cost but not a total cost. C) benefit but not a cost. D) cost but not a benefit