Using the graph above, a. The private optimal level of education is 12 years. b. The private

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Using the graph above,

69 8 MBprivate -MB social 10 12 14 16 Quantity (years of education) MC 18 20

a. The private optimal level of education is 12 years.

b. The private optimal level of education is 13 years.

c. The private optimal level of education is 18 years.

d. The private optimal level of education is 20 years.

e. The private optimal level of education cannot be determined without knowing the dollar values on the vertical axis.

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Introduction To Economics Social Issues And Economic Thinking

ISBN: 9780470574782

1st Edition

Authors: Wendy A. Stock

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Question Posted: Oct 28, 2023 07:12 AM

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Using the graph above, a. The private optimal level of education is 12 years. b. The private

Question:

69 8 MBprivate -MB social 10 12 14 16 Quantity (years of education) MC 18 20

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The private optimal level of education is 12 years The private optimal level of e...View the full answer

Introduction To Economics Social Issues And Economic Thinking

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