Combine the demand for education with a “supply curve for education as shown by the discount rate' and show how factors
Posted: Thu May 19, 2022 10:55 am
Combine the demand for education with a “supply curve for education as shown by the discount rate' and show how factors such as ability; and personally higher discount rates (or higher, costs of obtaining funds) would determine the demand and supply curves for different individuals. Use this analysis to examine and explain why various individuals find it rational to invest in different number of years of education. (5 marks). Draw a diagram to support your answer. (3 marks). (8 marks)