Use human capital theory to predict which individual in each part will obtain more years of schooling. Justify your answer with a diagram showing the marginal benefit and marginal cost of schooling for each individual. If any curves differ between the two individuals, explain why. Except for the differences indicated explicitly in each part, assume that the individuals are otherwise alike.

1 (a) Micah can invest money with her mothers investment firm and earn a return of 10 percent. Jun can only invest in mutual funds and earn a return of 5 percent.