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An economist makes an assumption that each additional year of education causes future wages to rise by 8 percent. In this model, if a person
An economist makes an assumption that each additional year of education causes future wages to rise by 8 percent. In this model, if a person with 12 years of education per year. (Round your intermediate calculations to two decimal places.) makes $20,500 per year, then a person with 4-year college degree would earn $
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