Nicky makes 25,000 a year as a sales clerk. He then decides to ...

[maegan_martin]

Nicky makes 25,000 a year as a sales clerk. He then decides to quit his job to enter a MBA program full-time (assume Nicky doesn't work in the summer or hold any part-time jobs). His tuition, books, living expenses, and fees total 15,000 a year. Given this information, the annual total cost of Nicky's MBA studies is:
 a. 10,000.
  b. 30,000.
  c. 40,000.
  d. 15,000.
  e. 25,000.

Question 2

If scarcity was not a fact,
 a. people could have all they wanted of goods and services for free.
 b. it would no longer be necessary to make choices.
 c. poverty, defined as the lack of a minimum level of consumption would also be eliminated.
  d. all of the above would be true.

[Tonny]

Answer to Question 1

c

Answer to Question 2

d

[maegan_martin]

TYSM

[xiazhe]

Excellent