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Economics

Calculate your opportunity cost of going to a movie premiere at the theatre with your friend Spencer on Saturday night in the following scenarios:

(a) Your neighbor is offering you $100 to baby-sit her 4-year old, and you would have to pay $10 for the movie ticket.

(b) Your neighbor is offering you $100 to baby-sit her 4-year old, and Spencer is paying for your ticket.

(d) You have already bought your $10 movie ticket, and you can resell it for $8 dollars.

(e) You have already bought your $10 movie ticket, but the showing is sold out and tickets are now selling for $30 on the black market.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91918420

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