2A4H WILLIAMS MAKES $35,000 A YEAR AS AN ACCOUNTING CLERK. HE DECIDE...
108.
CSO: 2A4h
LOS: 2A4h
Williams makes $35,000 a year as an accounting clerk. He decides to quit his job to
enter an MBA program full-time. Assume Williams doesn’t work in the summer or hold
any part-time jobs. His tuition, books, living expenses, and fees total $25,000 a year.
Given this information, the annual total economic cost of Williams’ MBA studies is
a.
$10,000.
b.
$35,000.
c.
$25,000.
d.
$60,000.