Bill Hogan Graduates from College with a Choice of Playing

question 201

Multiple Choice

Bill Hogan graduates from college with a choice of playing professional football at $2 million a year or coaching for $50,000 a year. He decides to play football, but eight years later, even though he could continue to play football at $2 million a year, he quits football to make movies for $3 million a year. His opportunity cost of playing football at graduation was _______ and eight years later the opportunity cost of making movies was _______.

• A) $50,000; $50,000
• B) $2 million; $3 million
• C) $50,000; $2 million
• D) $2 million; $2 million

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Definitions:

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Independent Assortment

The principle stating that genes for different traits are separated and distributed to gametes independently during meiosis.

Factors

Elements or components that contribute to producing a result or outcome in various contexts such as mathematical, biological, or environmental studies.

Albinism

A genetic condition resulting in a lack of melanin pigment in the skin, hair, and eyes, leading to visual problems and increased skin cancer risk.