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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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