Question
Concerts Migos have a concert next Friday and tickets cost $180. You have been given a free ticket to see Migos in concert. You
Concerts Migos have a concert next Friday and tickets cost $180. You have been given a free ticket to see Migos in concert. You cannot resell the ticket. Taylor Swift is performing on the same night & her concert is the only other activity you are considering. A Taylor Swift ticket costs $142 & on any given day you would be willing to pay as much as $200 to see her play. Assume there is no other cost of seeing either performer. What is the opportunity cost of attending the Migos concert? (write down your calcu- lation and the $ amount)
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