Multiple Choice
A ticket to an Eric Clapton concert costs $45.If you have a ticket, you can "scalp" it (sell it illegally) for $75.To a ticket holder, the opportunity cost of actually attending the concert is
A) $45.
B) $50.
C) $75.
D) $115.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q141: All of the points inside a production
Q142: In a properly functioning economy, money costs
Q143: Monetary costs and opportunity costs are always
Q144: Opportunity cost can best be defined as
Q145: If it is not possible to increase
Q147: What is the basic task that economists
Q148: If the U.S.government decides to increase military
Q149: Scarcity is the fundamental problem of the
Q150: Scarcity is a concept that applies to
Q151: Economic growth solves the problem of scarcity.