Intermediate Microeconomics and Its Application 11th Edition by Walter Nicholson,Christopher Snyder

Exercise 12

Leslie and Glenn, the couple concerned that their baby could have sickle-cell disease, are already charting their baby's life course. Leslie, who has always loved to sing, is confident that her baby will be a fantastic musician and imagines a routine of music lessons, rehearsals, and concerts. Glenn, a pilot, is just as confident that his child will share his love of flying; he is already planning trips the two of them can take together. What advice might you give to Leslie and Glenn about factors they are ignoring?