Suppose Lynda is going to finish her bachelor’s degree in June 2018 andconsidering whether to spend an extra year studying for a master’sdegree.a What will be Lynda’s opportunity cost of studying for a master’sdegree? (5 marks)b If the economy in June 2018 is in recession, will Lynda be more orless likely to study for a master’s degree? Explain. (5 marks
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