You are trying to decide what to do after college you can


You are trying to decide what to do after college. You can go to business school, which would cost $55,000 in tuition for two years, and you will make $100,000 per year afterward. Otherwise, you can get a job right away that pays $50,000 per year. Draw out the decision tree for t ≥ 2 years from now in terms of the variable t with Accounting Profit, Opportunity Costs and Economic Pro?t clearly labeled. For each value of t ≥ 2, determine what the rational choice is.

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