Finance and economic

Calibri (Head - D X A MEC604 ASSIGNMENT SEPTEMBER 2021 SEMESTER -... deniskaryn 1167@gmail.com Insert Tell me Share ome Draw Design Layout References Mailings Review View Help Calibri (Headings) 12 abc A AaBbCcI AaBbCcI AaBbC B U v abe X, x Editing A - a . A . Aa ~ AAA T 1 Normal 1 No Spac... Heading 1 Font Paragraph Styles QUESTION 1 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)