FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The rule for optimal human capital investment is that: the individual should increase years of education until the discounted present value of the benefits of

The rule for optimal human capital investment is that:

the individual should increase years of education until the discounted present value of the benefits of an additional year of education is greater than the discounted present value of the additional costs.

the individual should increase years of education until the discounted present value of the benefits of an additional year of education is less than the discounted present value of the additional costs.

the individual should increase years of education until the discounted present value of the benefits of an additional year of education equals the discounted present value of the additional costs.

the individual should increase years of education until the discounted present value of the benefits of all of the years of education equals the discounted present value of all of the associated costs.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mostly Harmless Econometrics An Empiricist's Companion

Mostly Harmless Econometrics An Empiricist's Companion

Authors: Joshua Angrist

1st Edition

1400829828, 9781400829828

More Books

Students also viewed these Economics questions

Question

★★★★★
Calculate Ka values from the following pKas: (a) Acetone, pKa = 19.3 (b) Formic acid, pKa = 3.75

Answered: 1 week ago

Question

★★★★★
3. How can a company evaluate whether it is effectively managing its costs?

Answered: 1 week ago

Question

★★★★★
=+a) The two extraordinary points in the lower right are Reggios and Michelinas, two gourmet brands. Interpret these points.

Answered: 1 week ago

Question

★★★★★
Doxey Company purchased a machine on January 1, 2011, for $1,250,000 for the express purpose of leasing it. The machine was expected to have a 9-year life from January 1, 2011, no salvage value , and...

Answered: 1 week ago

Question

★★★★★
Write a program to compare two singly linked list elements. If elements are different print 1 else print 0 for each element

Answered: 1 week ago

Question

★★★★★
A flight over an ocean with no land nearby would be under the guidance of: Group of answer choices Oceanic control The control tower Area control Approach control Aerodrome control

Answered: 1 week ago

Question

★★★★★
The VIF for Engine Size found for the Full Model is 6.5147. This VIF is calculated based on an R-squared value from another model. This R-squared value is 0.846501. The resulting VIF is1/(1-0.846501)...

Answered: 1 week ago

Question

★★★★★
Quick Stop Fashion House produces "fast fashion" clothes that represent the current fad. In the foreign environment, this type of product is considered highly sensitive. O sensitive. O insensitive. O...

Answered: 1 week ago

Question

★★★★★
"Bathworks Company wants to estimate its ending inventory based on the following data: beginning inventory of $70,000, net sales revenue of $195,000, purchases of $140,000, and a normal gross margin...

Answered: 1 week ago

Question

★★★★★
what were behind the sad and beautiful stories of these establishments? when one fails in business, what was missing? what went wrong? when one succeeds, what are the trade secrets?

Answered: 1 week ago

Question

★★★★★
You are in the role of a hacker trying to break down a hash table. The information collected so far indicates the hash table uses Quadratic Probing with h(k, i) = ((k+12) mod m) for collision...

Answered: 1 week ago

Question

★★★★★
A number of amateur and professional sports organizations use routine screening tests to determine if athletes are using performance-enhancing drugs. Jennifer Smith, president of an amateur athletic...

Answered: 1 week ago

Question

★★★★★
3.77 A student feels that 70% of her college courses have been enjoyable and the remainder have been boring. This student has access to student evaluations of professors and finds out that professors...

Answered: 1 week ago

Question

★★★★★
3.76 A manufacturer produces boxes of candy, each containing 10 pieces. Two machines are used for this purpose. After a large batch has been produced, it is discovered that one of the machines, which...

Answered: 1 week ago

Previous Question Next Question