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Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince
Edition 8ISBN: 978-1259129858Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince
Edition 8ISBN: 978-1259129858 Exercise 18
It is estimated that over 100,000 students will apply to the top 30 M.B.A. programs in the United States this year.
a. Using the concept of net present value and opportunity cost, explain 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 starting salaries of managers with M.B.A. degrees remained constant but salaries of managers without such degrees decreased by 20 percent? Why?
a. Using the concept of net present value and opportunity cost, explain 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 starting salaries of managers with M.B.A. degrees remained constant but salaries of managers without such degrees decreased by 20 percent? Why?
Explanation
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a.Present Value of the future earnings: ...
Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince
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