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.

Question

Quizplus · Accepted Answer

The opportunity cost of attending the concert is the value of the next best alternative foregone, which in this case is the $75 that could have been earned by scalping the ticket.

A Ticket to an Eric Clapton Concert Costs $45