. Exhibit 17-8 represents the consumer market for higher education. Exhibit 17-8 dollars per year marginal cost 45,000 40,000 35,000 30,000 5,000 20,000 marginal social 15,000 benefit 10,000 marginal private 1 2 3 4 5 6 7 89 years of higher education a. If people base their education decisions only on the marginal private benefit of education, how many years of education will they choose to get?
. Exhibit 17-8 represents the consumer market for higher education. Exhibit 17-8 dollars per year marginal cost 45,000 40,000 35,000 30,000 5,000 20,000 marginal social 15,000 benefit 10,000 marginal private 1 2 3 4 5 6 7 89 years of higher education a. If people base their education decisions only on the marginal private benefit of education, how many years of education will they choose to get?
Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
Section: Chapter Questions
Problem 1.1P
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