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Author Question: An economic model suggests that an additional year of education increases a student's future wages ... (Read 245 times)

altibaby

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on: Jun 29, 2018
An economic model suggests that an additional year of education increases a student's future wages by 15 percent. Using this model, answer the following questions: a) Gary completes 8 years of education, and John completes 9 years of education.
 
  If Gary earns 20 per hour, how much is John expected to earn? b) John completes 9 years of education, and Kevin completes 12 years of education. Given John's earnings as calculated in a), how much is Kevin expected to earn? c) Is there any limitation to such a model? Explain your answer.

Question 2

Refer to the scenario above. What is the expected value of the gamble?
 
  A) 0
  B) 50
  C) 75
  D) 100
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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anoriega3

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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altibaby

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Reply #2 on: Jun 29, 2018
Thank you


anoriega3

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Reply #3 on: Jun 29, 2018
No problemo


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