1. What is the marginal rate of return for the 10th year of schooling in absolute terms? a. $2500 b. $21000 C. -$2500 d. Uncertain without knowing the price of tuition. 2. If this person's discount rate is 4%, how many years should they attend school? (Hint: convert the MRR to percentage terms) a. 9 years b. 10 years c. 11 years d. 12 years e. 13 years f. 14 years
1. What is the marginal rate of return for the 10th year of schooling in absolute terms? a. $2500 b. $21000 C. -$2500 d. Uncertain without knowing the price of tuition. 2. If this person's discount rate is 4%, how many years should they attend school? (Hint: convert the MRR to percentage terms) a. 9 years b. 10 years c. 11 years d. 12 years e. 13 years f. 14 years
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please help with #1 and 2
tjank you
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