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suppose a year of education increase your marginal product by 2% but increases you income by 10%. Tuition is free and there is a 50%

suppose a year of education increase your marginal product by 2% but increases you income by 10%. Tuition is free and there is a 50% proportional tax.

True or false and explain: your private return to education is 5%, but your social return to education is 1%

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