The trade-offs associated with getting an education
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چکیده
The trade-offs associated with getting an education Usually higher education is associated with higher income. The main reason why people go to college is that they expect to earn more once they obtain their degree than they would with just a high-school diploma. Consider the hypothetical decision of Ann, who is currently employed with a salary of $35,000 per year. She is considering quitting her job and getting a loan to finance an MBA degree that is expected to take two years. After she gets her MBA, she expects to earn $55,000. Tuition, fees, books and other expenses amount to $25,000 per year. Is it worthwhile for Ann to get an MBA? Consider the following table. A B C E
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