(Answered) Approximately 90000 students per year apply to the top mba

Economics

Approximately 90,000 students per year apply to the top MBA programs.

Using the concept of net present value and opportunity cost, explain when it is rational for an individual to pursue and M.B.A. degree.

What would you expect to happen to the number of applicants if the starting salaries of managers with an M.B.A. degree remained constant but the salaries of managers with bachelor's degrees increased by 15%? Why?

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