Suppose Jake can choose between studying to become a detective or an actor. Assume Jake lives only for two periods; during the first period he studies while during the second period he works. If he chooses to become a detective: the cost of studying is $15,000 and has a salary of $25,000. If he chooses to become an actor the cost of studying is $5,000 and has a salary of $15,000. Now the government introduces a subsidy for people who choose the detective career such that in the second period they get an extra $5,000. Suppose he can lend and borrow money at a 10 percent annual (per period) rate. Considering this policy, which career should Jake choose?
A. Detective
B. Actor
C. NOT A CHOICE. DO NOT CHOOSE THIS ANSWER.
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Answer:
mark as brainliest
Explanation:
1. detective
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