mr.Rahim is plaining to pursue MBA studies.initail inquiry shows that he will have to pay RM 25,000 as tuition fee,buy books for RM1,000,and pay for transport RM 1,000.The MBA study programme will extend over 15 months.Mr.Rahim is working now with a salary of RM2,500 per month.Being a full time student,he will have to forego the income from his present job for the period of study. work out: (a) financial cost (b) Economic cost of doing MBA.

mr.Rahim is plaining to pursue MBA studies.initail inquiry shows that he will have to pay RM 25,000 as tuition fee,buy books for RM1,000,and pay for transport RM 1,000.The MBA study programme will extend over 15 months.Mr.Rahim is working now with a salary of RM2,500 per month.Being a full time student,he will have to forego the income from his present job for the period of study. work out: (a) financial cost (b) Economic cost of doing MBA.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.3P

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Mr. Rahim is planning to pursue MBA studies. Initial inquiry shows that he will have to pay RM 25,000 as tuition fee, buy books for RM 1,000, and pay for transport RM 1,000. The MBA study programme will extend over 15 months. Mr. Rahim is working now with a salary of RM 2,500 per month. Being a full time student, he will have to forego the income from his present job for the period of study. Work out: (a) Financial cost, and (b) the Economic Cost of doing MBA (Hint: Identify implicit costs and explicit costs)
Mr. Karim is planning to pursue MBA studies. Initial inquiry shows that he will have topay RM 24,000 as a tuition fee, buy books for RM 1,000, and pay for transport RM 1,000.The MBA study program will extend over 18 months. Mr. Karim is working now with asalary of RM 3,000 per month. Being a full-time student, he will have to forego the incomefrom his present job for the period of study.
Mr. Karim is planning to pursue MBA studies. Initial inquiry shows that he will have to pay RM 24,000 as tuition fee, buy books for RM 1,000, and pay for transport RM 1,000. The MBA study programme will extend over 18 months. Mr Karim is working now with a salary of RM 3,000 per month. Being a full time student, he will have to forego the income from his present job for the period of study. Work out: (a) Financial cost, and (b) the Economic Cost of doing MBA (Hint: Identify implicit costs and explicit costs)
QUESTION 1 Mr.Rahim is planning to pursue MBA studies.initial inquiry shows that he will have to pay RM 25,000 as tuition fee,buy books for RM 1,000,and pay for transport RM 1,000. The MBA study programme will extend over 15 months. MR.Rahim is working now with a salary of RM 2,500 per month.Being a full time student ,he will have to forego the income from his present job for the period of study. work out:(a) Financial cost,and (b) the Economic cost of doing MBA(Hint: Identify implicit costs and explicit costs)
Mr. Karim is planning to pursue MBA studies. Initial inquiry shows that he will have to pay RM 24,000 as tuition fee, buy books for RM 1,000, and pay for transport RM 1,000. The MBA study programme will extend over 18 months. Mr Karim is working now with a salary of RM 3,000 per month. Being a full time student, he will have to forego the income from his present job for the period of study. Work out: (a) Financial cost, and (b) the Economic Cost of doing MBA (Hint: Identify implicit costs and explicit costs) (500-600 words)
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