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Ian earns earns $5,000 as a sailing instructor at the Port Credit Yacht Club. The Maritime Institute ...

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Ian earns earns $5,000 as a sailing instructor at the Port Credit Yacht Club. The Maritime Institute ...

Ian earns earns $5,000 as a sailing instructor at the Port Credit Yacht Club. The Maritime Institute offers an Instructor's Certificate course for $3,600. The Certificate is good for one year. With the Certificate, Ian's salary increases by $1,000 but the yacht club gets marginal external benefits of more than $3,000. Which statement is false?
A) Marginal private benefit equals $1,000.
B) Marginal private cost equals $3,600.
C) Marginal social cost equals $3,600.
D) Marginal external cost equals $3,000.
E) Marginal social benefit equals $4,000.

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Microeconomics for Life: Smart Choices for You

Edition: 2^nd

Author: Cohen

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6 years ago

Thanks for your help!!

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this is exactly what I needed

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