In determining whether a further investment in education for an individual is worth the costs, an economist would look at whether the sum of the

A. annual education costs is exceeded by the sum of the increases in income that are attributable to the increased education.
B. present value of the annual education costs is exceeded by the sum of the present value of the annual income to the person.
C. annual education costs is exceeded by the sum of annual income to the person.
D. present value of the annual education costs is exceeded by the sum of the present value of the increases in income that are attributable to the increased education.


Answer: D

Economics

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