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Suppose a Worker's Earnings Are Governed by W = 8·

Question 6

Multiple Choice

Suppose a worker's earnings are governed by w = 8· ln (1 + s) and r = 0.5.Given the unemployment rate with 7 of 16 workers unemployed,what is the optimal level of schooling?


A) 4 years
B) 5 years
C) 6 years
D) 7 years
E) 9 years

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