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Suppose you are planning to go see a tennis match with your friends. You are willing to pay (WIP) $120 to see the match. The

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Suppose you are planning to go see a tennis match with your friends. You are willing to pay (WIP) $120 to see the match. The ticket to the match is $25, and you expect you will spend around $30 there getting food and drinks. If you go to see the match, you will have to give up going to work for 4 hours. You are paid $10 per hour at your work, and you have to take a bus to get to work which costs you $10. What is the direct cost of going to the tennis match? What is the opportunity cost of going to the tennis match? What is your net benefit from going to the tennis match? What is the minimum WTP for the tennis match which will make you switch to working

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