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In 2015, Jameis Winston faced a choice about his professional sports career. Suppose Jameis knew that he could make $30 million if he entered the NFL draft to play football, $25 million if he entered the MLB draft to play baseball, $4 million if he entered the Pickleball draft to play Pickleball (a sport that essentially combines ping-pong and tennis), and $1 million to return to college for his senior season. What was the opportunity cost for Jameis of entering the NFL Draft (in dollar terms)? $20 million $21 million $25 million $30 million $60 million

In 2015, Jameis Winston faced a choice about his professional sports career. Suppose Jameis knew that he could make $30 million if he entered the NFL draft to play football, $25 million if he entered the MLB draft to play baseball, $4 million if he entered the Pickleball draft to play Pickleball (a sport that essentially combines ping-pong and tennis), and $1 million to return to college for his senior season. What was the opportunity cost for Jameis of entering the NFL Draft (in dollar terms)? $20 million $21 million $25 million $30 million $60 million

Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter3: Your Role As A Consumer
Section: Chapter Questions
Problem 11AA
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In 2015, Jameis Winston faced a choice about his professional sports career. Suppose Jameis knew that he could make $30 million if he entered the NFL draft to play football, $25 million if he entered the MLB draft to play baseball, $4 million if he entered the Pickleball draft to play Pickleball (a sport that essentially combines ping-pong and tennis), and $1 million to return to college for his senior season. What was the opportunity cost for Jameis of entering the NFL Draft (in dollar terms)? $20 million $21 million $25 million $30 million $60 million
Transcribed Image Text:In 2015, Jameis Winston faced a choice about his professional sports career. Suppose Jameis knew that he could make $30 million if he entered the NFL draft to play football, $25 million if he entered the MLB draft to play baseball, $4 million if he entered the Pickleball draft to play Pickleball (a sport that essentially combines ping-pong and tennis), and $1 million to return to college for his senior season. What was the opportunity cost for Jameis of entering the NFL Draft (in dollar terms)? $20 million $21 million $25 million $30 million $60 million
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