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Assume that you have Php500 and contemplating to use it either to watch 1 point a movie of a local concert. A concert costs Php500 and a movie costs Php300. You decided to watch a movie. What is your opportunity cost? * My opportunity cost is Php300 since it is the only price I have to pay for watching a movie My opportunity cost is the enjoyment that could have been experienced should I used the money to watch the concert. O My opportunity cost is Php500 because it is the value of the concert I gave up. O My opportunity cost is everything that I sacrificed watching the movie