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Sample Q3 - A couple months ago. your professor went to see the Golden State Warriors {basketball} play a 1P game at Chase Center. The

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Sample Q3 \"- A couple months ago. your professor went to see the Golden State Warriors {basketball} play a 1P game at Chase Center. The ticket was in the lower section. near the center of the court. and so was fairly expensive at $205. but it was a bargain. since he waited until the Friday before the game to buy it and there's not much demand to see the Warriors play since they had been having a tenible season {the face value of the ticket was $7'5). Parking cost him another $25. gas was around $20. and food ran another 535. He leftforlhe game atQAsince he also had a special pass to be onlhe sideline during warrnups {and it takes FOREVER to get across the Bay Bridge}. By the time the game ended {the Warriors were shockingly victorious}. it was 5P. To go to the game. he turned down a consulting gig (QA 5P} for the same Sunday. where he would have been paid $150 per hour. plus a nice working lunch (it was offered to him after he decided to go to the game but before he bought the ticket). Also. the day before the game. he was invited to sing in a band at an all-day wedding at a high-end winery in Sonoma {on the same Sunday]. which included a limo ride to the winery. lunch. dinner. and all the wine he could drink {arknittedlv not very smart on the organizers' parlll}. The wedding gig would pay him $50. Assume any costs for working the consulting gig or attending the wedding are 50. What was Professor Fitch's opportunity cost of attending the game? What other comments. economically speaking. might you make

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