All of the following are major sources for financing public education EXCEPT

In the above table, what is the marginal factor cost of the 4th worker?

A) $16 B) $30 C) $64 D) $22

Explain the economic fallacy in the statement: “If the Jones family would just cut up their credit cards and live within their means, they’d be better off. And if consumers in this nation cut up their credit cards and lived within their means, the

nation would be better off.” Please provide the best answer for the statement.