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QUESTION 14 Nikola has already purchased a ticket to the Washington Capitals/Toronto Maple Leafs NHL game that cannot be returned or transferred to anyone else.

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QUESTION 14 Nikola has already purchased a ticket to the Washington Capitals/Toronto Maple Leafs NHL game that cannot be returned or transferred to anyone else. The ticket cost $250 and getting from Nikola's apartment to the game will cost an additional $50. Nikola is a huge hockey fan and his maximum willingness to pay for attending the game is $700. Scheduled the same day as the hockey game is a concert that Nikola's friend is going to. His friend asks him to accompany him to the concert, but doing so would require purchasing a concert ticket for $50 and, obviously, missing the hockey game, In addition, it would cost $10 in transportation fees to get to the concert. Nikola's maximum willingness to pay for the concert ticket is $300. Given all this information what is the total economic cost to Nikola of attending the concert? $10 $60 O $110 $460 O $710

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