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Satsume Satsume
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6 years ago
Suppose that many consumers tend to over-state the discount rate that should be used for computing the net present value of education, just as they do when making investments in durable goods like cars and appliances.  What would happen if consumers (as a group) started to use lower discount rates when making decisions about their education?
A) NPV of a degree declines, demand for eduction declines
B) NPV of a degree declines, demand for education increases
C) NPV of a degree increases, demand for education declines
D) NPV of a degree increases, demand for education increases
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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oracledarrenoracledarren
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6 years ago
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Satsume Author
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6 years ago
Good timing, thanks!
hannahspillett
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Yesterday
Correct Slight Smile TY
Danivalda
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2 hours ago
this is exactly what I needed
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