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QUESTION

You went to college for a tech degree and find that your training depreciates a lot faster than you thought.

1. You went to college for a tech degree and find that your training depreciates a lot faster than you thought. Your parents have a college degree and hardly needed any additional training throughout their worklife. What would happen to the optimal rate of schooling with this increasing rate of depreciation? Use MC and MB of schooling in a graph.

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