People decide how much schooling to receive based on

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All of the choices listed are factors that influence an individual's decision on how much schooling to receive. The discount rate affects how individuals value future earnings compared to current costs. The marginal rate of return to schooling helps individuals assess the additional income they can earn for each additional year of education. The present value of expected future earnings allows individuals to compare the lifetime earnings they can expect from different levels of education. Lastly, an individual's ability to succeed in education programs can influence their decision, as those who believe they have a higher chance of success may be more inclined to pursue further education.

People Decide How Much Schooling to Receive Based on