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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Definitions:

Tertiary Circular Reaction

A stage in Piaget's theory of cognitive development where infants try out new behaviours to see what results they have, displaying early elements of experimentation.

Accidental Touches

Unintended physical contact between individuals, which can occur in various contexts and may convey different messages or emotions based on the situation.

Intentional Behavior

Actions that are performed with awareness and purpose, often aimed at achieving a specific goal.

Goal-Directed Behavior

Behavior that is oriented towards achieving a specific objective, showcasing the ability to identify, plan, and execute actions that lead to the attainment of a goal.