Bill Bonecrusher Graduates from College with a Choice of Playing

question 346

Multiple Choice

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

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Definitions:

Pharmacist

A person licensed to prepare and dispense drugs and prescriptions.

Disclosure

The provision of information needed for the parties to make an informed decision.

Voluntariness

The client’s right to come to a decision without force, coercion, or manipulation from others.

Consent

Giving permission for something to happen or agreeing to do something, often used in medical contexts to refer to patients agreeing to receive treatment.