Why might the decision to undertake an educational program be treated as an investment? From a private

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Why might the decision to undertake an educational program be treated as an investment? From a private perspective, what costs and benefits are associated with obtaining a college education? What are the costs and benefits from a social perspective? Explain why it is necessary to determine the present value of costs and benefits in making a rational human capital investment decision.

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Contemporary Labor Economics

ISBN: 978-1259290602

11th Edition

Authors: Campbell R. McConnell, Stanley L. Brue, David Macpherson

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