Question 2: Rory and Dean have both just graduated from high school and are each facing the decision of whether to enroll in college. Without a college education, they can each earn $25,000/year. If they choose to go to college, then they can each earn $30,000/year. 2.a) What is the marginal rate of return (MRR) to a college education? 2.b) Suppose Rory's discount rate is 12% and Dean's discount rate is 22%. Will Rory choose to go to college? Will Dean choose to go to college? Now suppose instead that both Rory and Dean have a discount rate of 18%, but that Rory has a higher innate ability level than Dean. The table below shows the incomes that they can each earn depending on the level of education that they complete: Education Level High School Only College Rory's Earnings $30,000 $36,000 Dean's Earnings $25,000 $28,000 2.c) What is Rory's marginal rate of return to a college education? 2.d) What is Dean's marginal rate of return to a college education?