Assume that you are 18 years old and deciding whether to go to college or start working. If you work, you will earn a co

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answerhappygod
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Assume that you are 18 years old and deciding whether to go to college or start working. If you work, you will earn a co

Post by answerhappygod »

Assume that you are 18 years old and deciding whether to go to
college or start working. If you work, you will earn a
constant wage WHS through out your career. if you study, you pay
tuition for four years and then earn a constant wage WCOL.
(ii) Show the condition under which you choose to study.
(ii)Explain how changes in tuition, in the interest rate and in
the wage differential (WCM — WHS) would affect your
decision.
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