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Assume that you are about to graduate from your university and deciding whether to apply for graduate school or enter the job market. To help
Assume that you are about to graduate from your university and deciding whether to apply for graduate school or enter the job market. To help make the decision you have gathered the following data:
Cost incurred for the bachelors degree - $163,000
out-of-pocket cost for the Masters degree - $94,000
estimated starting salary with the B.A. - $49,400
estimated starting salary with an M.A. - $66,800
estimated time to complete master degree - 2 years
estimated time from the present to retirement - 40 years
a. what is the opportunity cost associated with earning the Masters degree?
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