After Earning Your BA, You Have to Decide Whether to Accept

question 148

Essay

After earning your BA, you have to decide whether to accept the offer of a job that will pay you
$45,000 per year or spend an additional two years earning an MBA.If you decide to pursue the graduate degree, your annual expenses for tuition, books, board, and lodging will be $32,000.You have been offered a scholarship for $10,000 per year, but in order to pay the remaining $22,000 per year, you would have to cash in savings bonds that your grandparents have given you that have been earning $500 in interest per year.The annual opportunity cost of earning your MBA is:
A.$67,500.
B.$77,000.
C.$99,000.
D.$77,500.

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Definitions:

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, famously demonstrated by Ivan Pavlov.

Cognitive Therapy

A form of psychotherapy that emphasizes the importance of thought patterns in how we feel and what we do.

Psychodynamic

A psychological theory or approach that emphasizes the systematic study of the psychological forces that underlie human behavior, feelings, and emotions and how they might relate to early experience.

Behavior Therapy

A form of psychotherapy that focuses on changing maladaptive or harmful behaviors through the application of learning principles.