Answer
\$1600 / year
Work Step by Step
Higher education leads to greater opportunity and higher incomes, to the tune of \$1600 more per year for a high-school graduate over a drop-out.
Microeconomics: Principles, Applications, and Tools (8th Edition)
by O'Sullivan, Arthur; Sheffrin, Steven; Perez, Stephen
Published by
Prentice Hall
ISBN 10:
0-13294-886-9
ISBN 13:
978-0-13294-886-9
Chapter 15 - Public Goods and Public Choice - Exercises - 15.2 Private Goods with External Benefits - Page 353: 2.3
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
