Studies have concluded that a college degree is a very good investment. Suppose that a college graduate earns about 79% more money per hour than a high-school graduate. If the lifetime earnings of a high-school graduateaverage $1,070,000, what is the expected value of eamings of a college graduate?The expected value of earnings of a college graduate is $. (Round to the nearest whole dollar.)

Earning of high school graduate = 1070000 $ Earnings of college graduate = 79 % more than earning of…

Studies have concluded that a college degree is a very good investment. Suppose that a college graduate earns about 79% more money per hour than a high-school graduate. If the lifetime eamings of a high-school graduate average $1,070,000, what is the expected value of eamings of a college graduate? The expected value of earnings of a college graduate is $ (Round to the nearest whole dollar.)

Studies have concluded that a college degree is a very good investment. Suppose that a college graduate earns about 79% more money per hour than a high-school graduate. If the lifetime eamings of a high-school graduate average $1,070,000, what is the expected value of eamings of a college graduate? The expected value of earnings of a college graduate is $ (Round to the nearest whole dollar.)

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.6P

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