A doctor earns ($250,000) per year, while a professor earns ($40,000). They play tennis against each other
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A doctor earns \($250,000\) per year, while a professor earns \($40,000\). They play tennis against each other each Saturday morning, each giving up a morning of relaxing, reading the paper, and playing with their children. They could each decide to work a few extra hours on Saturday and earn more income.
But they choose to play tennis or to relax around the house. Are their opportunity costs of playing tennis different?
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