If a Major League Baseball Player Would Be Willing to Work

question 139

Multiple Choice

If a major league baseball player would be willing to work for $500,000 per year and is currently being paid $1,200,000 per year, the opportunity cost of his decision to play baseball is

• A) $500,000.
• B) $1,200,000.
• C) $1,700,000.
• D) $700,000.

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