Wynken has three years of college blynken has two and nod, Business Economics

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Wynken has three years of college blynken has two and nod

Wynken has three years of college, Blynken has two, and Nod has one. The difference in educational attainment is completely the result of different discount rates. Wynken earns $21 per hour, Blynken earns $19, and Nod earns $16. The wage rate for high school grads is $10. Calculate the rates of return and use this data to put a range on each man’s discount rate?

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