There are no other costs whats the opportunity cost of


You won a free ticket for Drake's concert. If you want, you can sell the ticket for $40. You would be willing to pay for this ticket $140. Adele is performing on the same day and it costs $60. On a given day, you'd be willing to pay $100. There are no other costs. What's the opportunity cost of seeing Adele? I'd appreciate if you could explain each step.

Solution Preview :

Prepared by a verified Expert
Microeconomics: There are no other costs whats the opportunity cost of
Reference No:- TGS02370397

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)