The opportunity cost of winning a free ticket to the Super Bowl worth $950 and choosing to attend the game is:
A) zero, since the ticket was free.
B) priceless, if the person really loves football.
C) at least $950, the lost market value of selling the ticket, and the time to go.
D) zero, if the person would rather go to the game than do anything else.
Correct Answer:
Verified
Q40: Which of the following is an example
Q41: You must decide whether to attend class
Q42: During the middle ages, expensive castle-based warfare
Q43: Dropping out of college to devote time
Q44: If the FDA enacts more stringent pharmaceutical
Q46: Most people do not buy the safest
Q47: Bill Gates dropped out of college and
Q49: As the FDA uses _ time and
Q50: Economics is the study of:
A) what is
Q93: What you give up to obtain an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents