A college professor and a cardiologist enjoy playing tennis on Saturday mornings. They both give up time with their families to have a tennis match each Saturday. The college professor earns $60,000/year while the cardiologist averages an annual income of $250,000. Is the opportunity cost of playing tennis the same for both individuals? Why or why not?

A college professor and a cardiologist enjoy playing tennis on Saturday mornings. They both give up time with their families to have a tennis match each Saturday. The college professor earns $60,000/year while the cardiologist averages an annual income of $250,000. Is the opportunity cost of playing tennis the same for both individuals? Why or why not?

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter1: What Economics Is About

Section: Chapter Questions

Problem 19QP

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