Question

Assume consumption of education by individuals provides a positive externality. In this case individuals deciding how much education to undertake will not consider the public _______ generated. Hence there will be ____________ consumption of education.

Answer 1

The right approach is "benefit, over".

Step-by-step explanation:

• If the collective costs outweigh the personal costs, externalities are unfavorable. Certain externalities are optimistic or positive.
• As when the demand for education involves positive externality, that greater the influence gain the much more educated individual gets, so it can contribute to more than consuming of education.

But that's the perfect solution above.