Please explain about the Private Benefit and Private Cost of education based on the photo given

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter17: Long-term Investment Analysis
Section: Chapter Questions
Problem 10E
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Please explain about the Private Benefit and Private Cost of education based on the photo given.
Expected private returns
Tertiary
Secondary
Private costs
Primary
Years of schooling completed
(a) Private returns and costs
Returns and costs
Transcribed Image Text:Expected private returns Tertiary Secondary Private costs Primary Years of schooling completed (a) Private returns and costs Returns and costs
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