It is estimated that over 100,000 students will apply to the top 30 M.B.A. programs in the United States this year.
1. Using the concept of net present value and opportunity cost, when is it rational for an individual to pursue an M.B.A. degree.
a. When the costs of attending school are near zero.
b. When the net present value of attending graduate school is at least $100,000.
c. When the net present value of attending graduate school is greater than zero.
d. When the benefits of attending school are greater than zero.
