lectur12-page55

lectur12-page55 - consumption will likely increase. The...

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55 PRACTICAL AND PERSONAL APPLICATION OF THESE CONCEPTS: There is a trade off between investment in education and current consumption. As you invest more in education, your current consumption decreases but your future
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Unformatted text preview: consumption will likely increase. The relationship between your current investment in education and your future consumption can be shown with production possibilities curves....
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