Maurice Richard loves to play hockey. He would play the minor leagues and the major leagues with equal gusto. Suppose he earned $35,000 playing for the minor league Urbana Tigers and "gets the call" from the Dallas Stars, a major league team. He excitedly tells his wife, an economist, that his wage is now $379,000 (that's the contrac the signed) and she informs him that his wage-related rent is
A) $344,000
B) $379,000
C) $35,000
D) $414,000
E) $0 because he signed the "wage" contract
Correct Answer:
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