Morty 5. S... Maps transformers icin ar.. ctis learn - Google ... Online Onion Root... a Amazon.com: LG 3 / 11 90% + Marginal Analysis in the Real World Fill in the missing numbers in the chart: Highest Degree Marginal Marginal cost Earned Expected lifetime Benefit of Expected lifetime earnings (total additional costs (total cost) of additional benefit) by degree by degree degree degree High School SO Graduate 1,200,000.09 Associate 1,600,000.00 70,000.00 Bachelor's 2,100,000.00 $500,000 S 80,000.00 Master's 320,000.00 $140,000 2,700,000.00 Doctorate 3,000,000.00 735,000.00 1. Would a master's degree increase the human capital of the student? 2. Based on the numbers, what is the optimal degree for this person to earn? Why? 3. Which is more important in decision making? Total costs & benefits OR Marginal costs and benefits? 4. What should you do in each of these situations? Rules for making decisions: a. MB > MC: b. MB = MC: c. MB