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Candy is a Year 4 full-time undergraduate student majoring In marketing at a private university in Hong Kong and she Is going to he graduated
Candy is a Year 4 full-time undergraduate student majoring In marketing at a private university in Hong Kong and she Is going to he graduated after the summer break. She has collected some data from the Student Careers and Affairs Ofce {SCAG} related to herjob planning. According to the graduate employment surveys conducted for the last two years by the private university, the average salary earned by the graduates of her programme is constant at around 514,000. Actually, Candy is quite disappointed. In view of this, Candy is oonsidering to participate in an one-year internship program launched by the HUD after her graduation. In other words, she would enter the job market "formally\" one year later if she joins the Internship program. Finally, with the help of the SCAD, she could get an internship offer from a famous marketing company in Hong Kong. The monthly saiary provided by the company is $12,000 while a good reference letter would be prepared for the interns oompleting the internship satisfactorily. With this good reference letter and sound working experience gained, Candy hopes she could be more competitive In the job market with the prole of internship. Candy now is considering whether to accept the internship offer of the marketing company. {a} Dene opportunity cost. What is the opportunity oost for Candy to aocept the Internship offer of the marketing company? Explain. {5 marks} [b] what are the expected benefits for Candy to acoept the internship offer of the marketing oompany? Explain. [3 marks) [c] Based on the concept of rational choloe, under what situation, Candy should accept the internship offer of the marketing company? Explain your answer with a simple cost and benefit anatysis and support with relevant data you obtained from parts {ai and {b1. (5 marks}
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