Microeconomics (2nd Edition) (Pearson Series in Economics)
Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
Question
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Chapter 16, Problem 5P

(i)

To determine

Reason why extraordinary people will choose to go to college while capable people do not.

(ii)

To determine

Reason for paying high school graduates $12,000 and college graduates $15,000.

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