Multiple Choice
Ted got a ticket to this year's Super Bowl and paid the face value of $1,000.His cousin offered him $3,000 for the ticket.Given this information, Ted's opportunity cost of this ticket is
A) $1,000.
B) $2,000.
C) $3,000.
D) $4,000.
Correct Answer:
Verified
Correct Answer:
Verified
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