Question

1. In post 2018 College Football Championships games, the headline news in sports magazines and other national entertainment media made a lot of buzz about the future prospect of Heisman Trophy winner Kyler Murray of Oklahoma Quarterback. Murray had about less than a year to finish his senior year of college degree, but his desire for entering the NFL draft and the high stake for his career as NFL Quarterback was so high, he gave up his college degree completion at the Oklahoma. So, he joined the No. I pick of the NFL draft with the Arizona Cardinals in Spring 2019. This 4-year rookie contract assured him a worth about eight times the money he was offered for potential draft for the national pro baseball draft (He was also pro baseball outfielder). Following the above stories for Kyler Murray's decision to signing up with the Cardinals, the opportunity cost of completing his college degree at the University of Oklahoma would a. too high and so hid did for NFL draft by giving up mission for college degree b. too low and should have stay at the Oklahoma to complete his college degree c. unpredictable because of his low demand in the NFL draft openings for 2020 d. none of the above, more information is needed

Answer 1

Correct Answer:

A

The opportunity cost of pursuing the final year of college is the opportunity to enter into NFL draft and get a multi-million dollar deal. So, it can be observed that this opportunity cost of pursuing the final year of college is very high. As a result, Murray had to forego the final year of college and get into the NFL with a lucrative deal.