) Supposed that you observed the following set of data:

Average Business School tuition: Ksh 30,000

Average Salary for non-MBA's: Ksh 50,000 per year

Average MBA salary: Ksh 90,000 per year

The length of an MBA program is 2 years and is assumed that and MBA will have a working career of 20 years after graduation. Further, supposed that, instead of going to get an MBA, you could keep your current non-Mombasa job and invest what you could have used to pay for tuition, risk free, at 4% per year.

a)Is this set of data consistent with market equilibrium? Explain.

b)If your answer to (a) is no,how will markets adjust?