Sppose your wage rate is determined by wage minus1968 , Ask an Expert

Economics

Suppose your wage rate is determined by WAGE = −19.68 + 2.52EDUC + 0.55EXPER − 0.007EXPER2 where EDUC is years of schooling and EXPER is years of work experience. Using calculus, what value of EXPER maximizes WAGE for a person with 16 years of education?

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Business Economics, Economics

Category:- Business Economics
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