Ask Question
16 May, 06:55

Andrew quits his job as an accountant where he earns $65,000 per year to go back to school for two years to get an mba degree. he attends a school that charges $25,000 per year for tuition and related expenses. how much is the total cost (explicit cost plus opportunity cost) of that degree?

+5
Answers (1)
  1. 16 May, 07:22
    0
    The total cost is $180,000. The explicit cost is $50,000 ($25,000 for 2 years). The opportunity cost is $130,000 ($65,000 for 2 years).
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Andrew quits his job as an accountant where he earns $65,000 per year to go back to school for two years to get an mba degree. he attends a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers