Question: Economic.. Please help me get to the correct answer and explain how you got there. B4 is the added interaction variable. log(wage) = Bo+ Bjeduc

Economic.. Please help me get to the correct answer and explain how you got there. B4 is the added interaction variable.

log(wage) = Bo+ Bjeduc + Byexper + B3exper~ + Ba(educ . exper) + u In this model, what is the return to another year of education? Report the true return to an additional year of education in terms of the parameters, not the estimated return. Bit B4exper BitB4 BitBAeduc BI

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