(Answered) Youhaveestimatedthefollowingequationusingols y337512edu

Management Studies

You have estimated the following equation using OLS: y = 33.75 + 1.2 EDU + 0.5 EDU * EXPER where y is annual income in thousands, EDU is the year of education, and EXPER is the year of work experience. According to this model, what is the marginal income for an additional year of education when the work experience is 2 years?

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