Babe Ruth could produce two home runs in a week of play as a fielder or one win in a week of play as a pitcher. What was his opportunity cost for a week of pitching?
A) one win
B) two wins
C) one home run
D) two home runs

Question

Quizplus · Accepted Answer

The opportunity cost of pitching for a week is the value of the next best alternative foregone, which in this case is the two home runs he could have produced as a fielder.

Babe Ruth Could Produce Two Home Runs in a Week