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Joanna decides to change her life course, quitting her current job to earn a biochemistry degree, ultimately planning to become a physician. While she expects

Joanna decides to change her life course, quitting her current job to earn a biochemistry degree, ultimately planning to become a physician. While she expects a high salary in the future, currently, as a credit-constrained student, she's living hand-to-mouth. Consider the diagram: Marginal benefit a) B B Joanna's consumption is at point b) cannot be determined O c) c d) A C Consumption W

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