Author Question: Which of the following cases are examples of industries that have potentially increasing costs due ... (Read 26 times)

chads108 · **on:** Jul 1, 2018

Which of the following cases are examples of industries that have potentially increasing costs due to scarce inputs?

A) Petroleum production
B) Medical care
C) Legal services
D) all of the above

Question 2

The authors cite a recent study of MBA programs that compares pre-MBA salaries with post-MBA salaries.

For some of the highest ranked schools, the salary difference was roughly 100,000 per year, and the difference was roughly 60,000 for some schools ranked near the bottom of the top 20. Is it possible that the financial returns from an MBA earned at a lower ranked school may actually exceed the returns from a top ranked school? A) Yes, the lower ranked schools may provide a higher net present value for the degree if their tuition is low enough.
B) Yes, but the potential gains depend on the discount rate and not the tuition.
C) No, the salary advantages of the top ranked schools always payoff in the long run.
D) We do not have enough information to answer the question.