Tsehay is a talented youth from a minority community. She has just been accepted to an undergraduate program at a prestigious university. Here are some information about her study: Item Tuition fee Room and board Value (in dollars, per year) 14,000 10,000 3,000 20,000 Psychological cost of studying (in money terms) Income she could have earned if she worked full- time instead of studying (a) What is Tsehay's total cost of studying full-time for a year at the university? (b) Look Good Ltd is a corporation that wants to look good. It has imposed a quota that at least 10% of its employees should come from minority communities. To fulfill the quota, it offers Tsehay a full-time job that she can start right away (without finishing university). The job pays $60,000 per year. What is Tsehay's cost of studying full-time for a year now? (c) Suppose the job offer does not change Tsehay's benefit of undergraduate study. Is she more likely or less likely to undertake a university degree after the job offer? (d) Why does the employment quota, a measure supposedly good for Tsehay's minority group, backfires? (e) Can you suggest a better way to improve the education and employment of a historically disadvantaged group?