Author Question: Nicky makes 25,000 a year as a sales clerk. He then decides to quit his job to enter a MBA program ... (Read 46 times)

maegan_martin · **on:** Jun 30, 2018

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.