One of the questions prospective full-time MBA program applicants confront is whether they should pursue the degree

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One of the questions prospective full-time MBA program applicants confront is whether they should pursue the degree soon after college or wait four to six years. Assume that 10 years after college, a full-time MBA graduate earns as much whether she pursued the business degree right after college or waited four to six years. From an opportunity cost perspective, why might enrolling for full-time MBA studies earlier rather than later in one’s career be advantageous? Explain.

Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...
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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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