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1. Suppose that tickets to the university basketball games cost $10 for students, and that you must wait in line one-half hour for tickets. Furthermore,
1. Suppose that tickets to the university basketball games cost $10 for students, and that you must wait in line one-half hour for tickets. Furthermore, you are able to sell the tickets afterwards for $20 to non-students who prefer not to wait in line (but don't tell anyone!). In addition, you have a part-time job that allows you to choose your own hours, and pays $8/hour. a) What is the opportunity cost of buying a ticket? b) Assuming you have already purchased a ticket, what is the opportunity cost of attending the game in person versus watching on television? c) Suppose that the game is on a day in which you have a final exam scheduled. Knowing you can't go, should you buy a ticket in order to resell it
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