Mike wage-schooling locus

Assignment Help Business Economics
Reference no: EM131431949

Suppose Mike's wage-schooling locus is given by:

Years of Schooling

Earnings

9

$18,500

10

$21,000 

11

$23,000 

12

$24,800 

13

$26,200 

14

$27,000 

Derive the marginal rate of return for each year of schooling.  How many years of schooling will Mike attend if his discount rate is 4 percent? What if his discount rate is 12 percent?

Reference no: EM131431949

Questions Cloud

Calculate the monthly payment of principal and interest : FIN 467- Calculate The monthly payment of principal and interest (PI). One-twelfth of annual property tax payments and hazard insurance payments. Monthly PITI (principal, interest, taxes, and insurance).
What is the california stalking laws : What is the California Stalking laws? Should we have this law? Should anything be added to the California Stalking Law? Is this law effective? Example of a California Stalking case and the outcome for the stalker and person they were stalking?
Wage distribution for riverside : Suppose that the wage distribution for Riverside is given below: Compute the level of wage inequality for the town using the 90th / 10th percentile ratio and the 90th / 50th and 50th /10th ratios. (Yes, this is as easy as it looks)
Is the us court system judged fairly in this manner : The issue of wrongful convictions is a problem that has haunted court systems throughout the United States. The news depicts individuals being saved from death row when new evidence arrives or when evidence that was provided is proved to be false.
Mike wage-schooling locus : Suppose Mike's wage-schooling locus is given by: Derive the marginal rate of return for each year of schooling.  How many years of schooling will Mike attend if his discount rate is 4 percent? What if his discount rate is 12 percent?
What is the net present value of this investment opportunity : FIN 467- Assume your required internal rate of return on similar investments is 11 percent. What is the net present value of this investment opportunity? What is the going-in internal rate of return on this investment?
State the null and alternative hypotheses : State the null and alternative hypotheses.- Perform a permutation test based on the sample correlation. Report the P-value and draw a conclusion.
Average costs of attending ucr : From the College Scorecard, average costs of attending UCR is $13,144. Average salary for UCR attendees is $48,700. Average salary of someone who does not attend college is roughly $33,800 ($651/week from slides x 52 weeks). Suppose everyone retire..
Discuss the vulnerabilities of true teams with examples : Discuss the vulnerabilities of true teams with examples? Explain how did the recent changes in Roles and education of health professionals affected the teamwork in hospitals

Reviews

Write a Review

Business Economics Questions & Answers

  Equal distribution of income and wealth in the society

Which of the following statements is? true? A. Pareto efficiency implies equity. B. Market prices act as signals that result in equal distribution of income and wealth in the society. C. Maximum social surplus implies equity. D. Taxation causes redis..

  What happen to the quantity of apples demanded

The own price elasticity of demand for apples is -1.2 if the price of apples falls by5%, what happen to the quantity of apples demanded?

  Government offers a temporary tax credit

For each of the following changes in the macro-economy, show how to think about them using the IS curve, and explain how GDP is affected in the short-run. The government offers a temporary tax credit: for each dollar of investment that firms undertak..

  Effect the performance of the lan

What role does the data link layer play in order to effect the performance of the LAN?

  Monopolist internalizes effect of its production on prices

The monopolist internalizes the effect of its production on prices, which leads to a contraction of output. Explain why giving the monopolist the flexibility to employ nonlinear pricing schemes can undo this problem.

  What is present amount worth and future amount worth

What is present amount worth & future amount worth? (Use graphs and equations) Suppose you are offered the alternative of receiving either $3,000 at the end of five years or P dollars today. Because you have no current need for the money, you would d..

  Automated production line with installed initial cost

last fiscal year 01-Jan to 31-Dec, Norco, Inc. had a gross revenue of $32,718,166 cost of goods sold and interest expenses of $27,883,785 and total depreciation charge of $2,678,818. Also on October last year, Norco completed a purchase of and placed..

  Describe the slope of the isocost and isoquant curves

Describe the slope of the isocost and isoquant curves, and hence derive a relationship between the productivity of capital and the productivity of labour.

  The application of current US antitrust law

The application of current US antitrust law

  Qyour lecturer used to work at a nationwide chain of retail

q.your lecturer used to work at a nationwide chain of retail swimming pool stores which pays its sales force a bonus

  Regulate initial public offerings of companies going public

How does the Securities Act of 1933 regulate the initial public offerings of companies going public? Compare and contrast the two rules developed by the U.S. Supreme Court for determining the lawfulness of a restraint under Section 1 of the Sherman A..

  Elucidate which have almost exactly the same ingredients

here are many liquid cold medicines, all of which have almost exactly the same ingredients. Yet medicines with brand names that the man recognizes from television commercials are for more than the unadvertised versions. Elucidate in economic terms..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd