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.

---

Definitions:

Pitch Perception

The auditory sensation through which a listener can identify musical notes as higher or lower in the scale, fundamentally dependent on the frequency of the sound wave.

Basilar Membrane

A structure in the cochlea of the inner ear that plays a key role in the mechanical to physiological transduction of sound.

Gender Difference

Refers to the distinctions in characteristics and behaviors typically associated with males and females, emphasizing the diverse influences of biological, social, and cultural factors.

Tasting

The sensation and evaluation of flavor perceived in the mouth and throat on contact with a substance.