Question: Solve the following Cost - Benefit Problem: Paula has a high school degree and is considering going to law school. If she does, she will

Solve the following Cost-Benefit Problem:
Paula has a high school degree and is considering going to law school. If she does, she will spend $50,000 on tuition and books to get an undergraduate college education )=(0 on tuition and books to get a law degree )=(1, and her law degree will benefit her $300,000 during the remainder of her work-life )=(2. Paula's time preference for money is associated with a per-period interest rate of 10 percent. Approximately what is Paula's net present value of obtaining a law degree, set up over 3 time periods? Should she invest in education?
 Solve the following Cost-Benefit Problem: Paula has a high school degree

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