10. A professional baseball players' union negotiates a contract that

dramatically increases all players' salaries. How would this influence the

opportunity cost for a player who was considering giving up baseball to

pursue a career in broadcasting?

A. It would not affect the opportunity cost of playing baseball or of

broadcasting

B. It would increase the opportunity cost of continuing to play professional

baseball.

C. It would have no bearing on the player's decision from an economic

standpoint.

D.It would increase the player's opportunity cost of becoming a

broadcaster.

It is also known as alternative cost. It means the cost we have to pay in terms of money or health or anything by taking one decision from several alternatives that would have a potential gain for us.

Here, a baseball player's decision to take up a career in broadcasting when the baseball players' union negotiates a contract to increase players' salaries would definitely increase the player's opportunity cost of becoming a broadcaster.

In other words, the player will loose a potential gain in terms of salary if he chooses to quit baseball and take up broadcasting as a career since there might a dramatic rise in the salaries of the baseball players.

Thus the answer is --

D. It would increase the player's opportunity cost of becoming a

broadcaster.