A derive the marginal rate of return schedule b when will
1. Suppose your wage-schooling locus is given by:
Years of Schooling Earnings
9 18,500
10 11,000
11 22,000
12 23,100
13 23,900
14 24,000
a) Derive the marginal rate of return schedule
b) When will you quit school if your discount rate is 4%?
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1 suppose your wage-schooling locus is given byyears of schooling earnings9 1850010 1100011 2200012 2310013 2390014
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a harry and hermione are both deciding whether to attend school or not they both face the same discount rate but they
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