Suppose you plan to retire in eight years, but your boss would like you to earn an online MBA in order to take on a new managerial position
The firm will continue to pay your salary while you are working through the online courses, and the new position pays an additional $15,000 per year. The online MBA tuition is $35,000 per year, and your discount rate is 5%. Should you complete the degree? A) No, the net present value of the degree is negative.
B) Yes, the net present value of the degree is about $4,300
C) Yes, the net present value of the degree is about $20,000
D) We do not have enough information to answer this question.
B
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If the price doesn't change, no matter how much output is produced, the total revenue curve is a(n)
a. upward-sloping straight line b. downward-sloping straight line c. horizontal straight line d. U-shaped curve e. hill-shaped curve
Which of the following explains most clearly why business owners have a strong incentive to strive for operational efficiency?
a. They recognize that operational efficiency promotes the public interest. b. As residual claimants, owners will receive a higher income from increased efficiency. c. The owners will be able to keep production costs low by providing free managerial services to the firm. d. The owners will be able to gain by paying employees below market wages, which will improve the overall efficiency of the economy.
All students should go on to college.
A. True B. False C. Uncertain
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.