You have a ticket to go to a concert by one of your favorite groups, the Hives,
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You have a ticket to go to a concert by one of your favorite groups, the Hives, which you cannot resell. However, you can buy a ticket for $30 to attend a talk by Steven Colbert, at the same time as the concert. You are willing to pay up to $90 to hear Colbert. Given that there are no other costs involved in attending either event, what is your opportunity cost of attending the Hives concert?
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Related Book For
Microeconomics Theory and Applications with Calculus
ISBN: 978-0133019933
3rd edition
Authors: Jeffrey M. Perloff
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