What Is the Stopping Rule for Choosing One's Years of Schooling

question 12

Multiple Choice

What is the stopping rule for choosing one's years of schooling?

• A)End one's schooling when the return from more schooling is zero.
• B)End one's schooling when the cost of one more year of schooling is zero.
• C)End one's schooling after college.
• D)End one's schooling when the rate of return to one more year of schooling equals the worker's rate of discount.
• E)End one's schooling when the worker's rate of discount equals zero.

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Definitions:

Nonbiological Reservoirs

Natural or artificial environments that do not involve living organisms, which can store various substances or elements.

Biogeochemical Cycles

Natural pathways by which essential elements or compounds move through the biosphere, lithosphere, atmosphere, and hydrosphere.

Carbon

A chemical element with symbol C, capable of forming many compounds including carbon dioxide and organic molecules.

Atmosphere

The layer of gases surrounding a planet or celestial body, gravitationally bound to it, and essential for many life forms.