Consider the following model: log(wage,) = Bo+B,educ; +B2exper;+B3exper +u; Suppose that B2=0.08 and B3=-0.001. For an individual with 15 years of experience, an additional year of experience increases wage by: Select one: a. 4% b. 0.05% C. 0.04% O d. 5%

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A: Second option is correct 3/10

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