Problem
1. What is the opportunity cost of buying a $20,000 car?
2. Suppose you currently earn $30,000 a year. You are considering a job that will increase your lifetime earnings by $300,000 but that requires an MBA. The job will mean also attending business school for two years at an annual cost of $25,000. You already have a bachelor's degree, for which you spent $80,000 in tuition and books. Which of the above information is relevant to your decision whether to take the job?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.