Hello! I wanted to check over what I put for the following questions.

13.B

13. Consider the true MRR curves for Kenny and Eric shown below: Figure 2: Kenny & Eric's MRR Curves Assume each individual knows their true MRR from schooling so their perceived MRR is equiva- lent to the curves shown above. Kenny's optimal schooling level is 12 years, while Eric's optimal schooling level is 10 years. If both individuals have constant rates of discount regardless of their schooling level, then which of the following can explain their different school choices? (a) Eric and Kenny must have the same discount rate. (b) Eric must have a lower discount rate than Kenny. (c) Kenny must have a lower discount rate than Eric. Page 5 (d) Kenny's earnings must be higher than Eric's earnings at their optimal school choice. (e) Kenny's earnings must be lower than Eric's earnings at their optimal school choice