Suppose that an BA degree creates no externality because the benefits of an MBA are internalized by the student in the form of higher wages. if there are no government subsidies for MBAs, then which of the following statements is correct? a. the equilibrium quantity of MBAs will be greater than the socially optimal quantity of MBAs
b. The equilibrium quantity of MBAs will equal the socially optimal quantity of MBAs
c. There is not enough information to answer the question
d. the equilibrium quantity of MBAs will be less than the socially optimal quantity of MBAs.

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.

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Aminor has the legal right to repudiate