opportunity cost of winning a free ticket to the Super Bowlworth $950 and attending the game is:

Question

Quizplus · Accepted Answer

The opportunity cost of attending the Super Bowl is the value of the next best alternative foregone. In this case, it would be the potential market value of the ticket ($950) if the person decided to sell it instead of attending the game. Additionally, the person would also have to factor in the value of their time spent attending the game instead of doing something else. Therefore, the opportunity cost is at least $950.

Opportunity Cost of Winning a Free Ticket to the Super