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Unformatted text preview: Case 1.3: MBA enrollment and economic cycles What effect will the current recession have on MBA applications & enrollment? Case 1.4: Having kids How much does it cost to raise a child? 3 Case 1.4 : A few facts 2009 estimate: annual child-rearing expense estimates ranged between $11,650 and 13,530 for a child in a two-child, married-couple family in the middle income group. USDA estimates on Child Rearing Case 1.4 : Is this the true cost? All actions ⇒ opportunity costs Opportunity cost must include opportunity cost of time for parents. Estimate of time cost of first year: $23,780. Time is the most important component of the true cost!...
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This note was uploaded on 01/14/2012 for the course MATH 104 taught by Professor Staff during the Spring '11 term at Aachen University of Applied Sciences.
- Spring '11