Using the concept of net present value and opportunity cost, Ask an Expert

Economics

It is estimated that over 90,000 students will apply to the top 30 M.B.A. pro-grams in the United States this year.

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

b. What would you expect to happen to the number of applicants if the start-ing salaries of managers with M.B.A. degrees remained constant butsalaries of managers without such degrees increased by 15 percent? Why?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M969264

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