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You purchased a plane ticket for $650.00 to fly from Los Angela's to New York. You arrive at the airport 3 hours early. The airline

You purchased a plane ticket for $650.00 to fly from Los Angela's to New York. You arrive at the airport 3 hours early. The airline attendant announces that the flight has been overbooked. They offer $300.00 for someone to give up a seat. There are not takers. They up the offer to $600.00, and then $1000.00. You could use the money but you cannot miss your job interview in New York. You decide to not offer up your seat. Your opportunity cost for flying to New York is:

You purchased a plane ticket for $650.00 to fly from Los Angela's to New York. You arrive at the airport 3 hours early. The airline attendant announces that the flight has been overbooked. They offer $300.00 for someone to give up a seat. There are not takers. They up the offer to $600.00, and then $1000.00. You could use the money but you cannot miss your job interview in New York. You decide to not offer up your seat. Your opportunity cost for flying to New York is:

$650.00

$1000.00

$1650.00

$350.00

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