Use the Figure Below to Answer the Following Questions

Multiple Choice

Use the figure below to answer the following questions.

Figure 16.3.3
-Refer to Figure 16.3.3. The figure shows the marginal private benefit and marginal social cost of a university education. If society's external benefit from university graduates is $10,000 each, then the

A) marginal social cost curve lies $10,000 to the left of the private marginal benefit curve.
B) marginal social cost curve lies $10,000 to the right of the private marginal benefit curve.
C) marginal social benefit curve lies $10,000 below the private marginal benefit curve.
D) marginal social benefit curve lies $10,000 above the private marginal benefit curve.
E) marginal social benefit curve is horizontal.