Economics question

3.) (8 points) Kaitlin is deciding how long she should stay in school and learns that her earnings for the following levels of school are: Years of Earnings education 10 $13,325 1 1 $16,000 12 $18,500 13 $20,350 14 $21,900 15 $23,000 16 $23,690 a.) Compute the marginal rate of return for each year of schooling above and then show on a graph the level of education that Kaitlin will choose if her discount rate is 5 percent. Label everything. b.) On the graph above, indicate how an increase in her discount rate to 10% would impact the level economic sense. of education she would choose. Explain below in words below how this change makes