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Unformatted text preview: calculations. For example, the decision to invest in human capital by attending college is based on the present value of the future income that an individual can earn with a college degree. If the present value is positive, the individual will choose to attend college. If the present value is negative, the individual will not attend college and will perhaps take a job instead....
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This note was uploaded on 11/19/2011 for the course ECO 1310 taught by Professor Staff during the Fall '10 term at Texas State.
- Fall '10