Suppose a ticket to a concert costs $39,and parking costs $5.Further,in order to watch the concert,you must miss 2 hours of work where your hourly wage is $15 per hour.The total opportunity cost of watching a concert is

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The total opportunity cost includes the ticket price ($39), parking cost ($5), and the wages foregone by missing 2 hours of work (2 hours * $15/hour = $30). Adding these together gives $39 + $5 + $30 = $74.

Suppose a Ticket to a Concert Costs $39,and Parking Costs