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QUESTION
a. Draw the wage-schooling locus for someone for whom returns to schooling decrease through college but increase after college (college is completed
a. Draw the wage-schooling locus for someone for whom returns to schooling decrease through college but increase after college (college is completed after 16 years of schooling and one can only receive 6 years of post-college schooling). b. On a new graph, plot the marginal rate of return to schooling implied by the wage-schooling locus described in part a.
