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Derive the marginal rate of return schedule

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Reference no: EM131725185

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%?

Reference no: EM131725185

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