11、(a) Suppose individuals differ in their ability, but face the same interest rate. Is it possible...

11、(a) Suppose individuals differ in their ability, but face the same interest rate. Is it possible for the more able individuals to choose less schooling?

(b) Suppose individuals have the same ability, but face different interest rates. Is it possible for the individuals who face a lower interest rate to choose less schooling?

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Rahul Sunny answered 1 year ago

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