11. Suppose that you must decide between attending a Taylor Swift concert or a Maroon 5 concert....
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11. Suppose that you must decide between attending a Taylor Swift concert or a Maroon 5 concert. The concerts are at the same time on the same evening, so you cannot see both. You love Taylor Swift and would pay as much as
$200 to see her perform. Tickets to her concert are $135. You are not as big a Maroon 5 fan, but a friend has just offered you a free ticket to the concert. If you decide to take the free ticket to see Maroon 5, what is your opportunity cost? L-P82
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