Assuming you could not get the pink ticket for free what is, Ask an Expert

Economics

You have a free ticket to see Lady Gaga in concert, this ticket having no resale value. Pink is performing on the same night, which is your second-best alternative. The Pink ticket costs $180, and on any given day you would be willing to pay up to $190 to see Pink.

Assume there are no other costs of seeing either performer.

a. Assuming you could not get the Pink ticket for free what is your opportunity cost of your seeing Lady Gaga?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9438027

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question in principle the benefits of international trade

Question: In principle, the benefits of international trade to a country exceed the costs, no matter whether the country is importing or exporting. In practice, it is not always possible to compensate the losers in a cou ...

Question you work for dinch plumbing supply your customers

Question: You work for Dinch Plumbing Supply. Your customers tend to be of two types: 1. Plumbers and plumbing companies who buy in large quantities, know exactly what they want, and insist on competitive prices or they' ...

Question a what is corporate governance why is corporate

Question: a. What is corporate governance? Why is corporate governance an important concern for companies that are pursuing the social responsibility approach? How does it improve or change the nature of executive and ma ...

Question a manufacturer of laptop computers operates a

Question: A manufacturer of laptop computers operates a plant with an annual capacity of 6,630,000 laptop units. One of his models is expected to sell 390,000 units in the coming year. How large should each product lot b ...

Question if the price consumers pay and the price sellers

Question: If the price consumers pay and the price sellers receive are not affected by whether consumers or sellers collect a tax on a good or service, why does the government usually collect a tax from sellers rather th ...

Question you were recently hired to replace the manager of

Question: You were recently hired to replace the manager of the Roller Division at a major conveyor manufacturing firm, despite the managers strong external sales record. Roller manufacturing is relatively simple, requir ...

Question assume that sunshine realty co borrowed 300000

Question: Assume that Sunshine Realty Co. borrowed $300,000 from Columbia First Bank and Trust. In recording the transaction, Sunshine erroneously recorded the receipt as a debit to Cash, $300,000, and a credit to Fees E ...

Question average return the past five monthly returns for k

Question: Average Return The past five monthly returns for K and Company are 5.75 percent, 5.63 percent, -.55 percent, 4.75 percent, and 8.75 percent. What is the average monthly return? The response must be typed, singl ...

Question in an attempt to help the farm sector congress has

Question: In an attempt to help the farm sector, Congress has several times passed legislation initiating and then extending the requirement that ethanol be blended with gasoline sold at the pump in many states. Because ...

Question use the web to find a print advertisement you

Question: Use the web to find a print advertisement you would like to analyze. You may conduct a Google image search for a print ad for a product that you are interested in. and answer at least 3 of the following questio ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert