1. Suppose that tickets to the university basketball games cost $10 for students, and that you must walt 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 walt 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? $10 Profit - From Selling The Ticket - 5 4 Opportunity Cost For Waiting In Line 1 hour. =$ 6 Total Opportunity Cost Finding tutors to write your explanation. b) Assuming you have already purchased a ticket, what is the opportunity cost of attending the game in person versus watching on television? +4 - Waiting In Line +10 - Ticket Price $14 = Total Cost In Person +4 - Waiting In Line +20 - Selling The Ticket Finding tutors to write your View Question Details explanation. 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