2A4H WILLIAMS MAKES $35,000 A YEAR AS AN ACCOUNTING CLERK. HE DECIDE...

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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.