James Is a Computer Genius Earning $2 Million Last Year

question 153

Essay

James is a computer genius earning $2 million last year while working at a software company. He is also planning to enroll as an MBA student at Stanford University. What is his opportunity cost of earning the graduate MBA degree? How does it compare to your opportunity cost of a year in college?

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Definitions:

Observers' Correct Judgments

Accurate assessments or conclusions made by individuals watching or analyzing a situation.

Higher Levels

Often relates to advanced or complex stages or forms of thinking, processing, or functioning.

Empathy

The ability to understand and share the feelings of another person, trying to see things from their perspective.

Chest Expanded

Refers to the increase in chest volume or the act of inflating the lungs by taking a deep breath, often as part of physical exercises or as a measure of lung capacity.