Sam Slapshot graduates from college with a choice of playing professional hockey at $2 million a year or (his best alternative)coaching for $50,000 a year.He decides to play hockey,but eight years later he quits as a player to make movies for $3 million a year.His opportunity cost at graduation was ________ and eight years later was ________.

Question

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At graduation, Sam's opportunity cost for choosing to play hockey over coaching was the $50,000 he would have earned as a coach. Eight years later, when he chose to make movies, his opportunity cost was the $2 million he would have earned by continuing to play hockey.

Sam Slapshot Graduates from College with a Choice of Playing