Joe is a college football player considering whether to attend another year of college or to enter the NFL draft and become a professional football player. Which of the following thoughts reflects the concept of marginal analysis? (A) Another year of college football will make me better prepared in the future, but I risk getting injured if I do so. (B) I should have a college degree. (C) If I continue in college, I will give up $405,000 in income. (D) I played on average 10 games per year as a college player and will play an average of 15 games per year in the NFL. (E) If I continue in college, I will give up a salary as well as potential income from endorsing products.

Joe is a college football player considering whether to attend another year of college or to enter the NFL draft and become a professional football player. Which of the following thoughts reflects the concept of marginal analysis? (A) Another year of college football will make me better prepared in the future, but I risk getting injured if I do so. (B) I should have a college degree. (C) If I continue in college, I will give up $405,000 in income. (D) I played on average 10 games per year as a college player and will play an average of 15 games per year in the NFL. (E) If I continue in college, I will give up a salary as well as potential income from endorsing products.

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter22: Contemporary Issues In The U.s. Economy

Section: Chapter Questions

Problem 5DQ

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