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Economics

One morning, you are the first caller to identify a song contest hosted by a local radio station. As a prize, you won a free concert ticket worth $50. Unfortunately, the concert is the same night that you have to work at your $10/hour job. If you went to the concert, you would miss at least 4 hours of work.

What is the opportunity cost of skipping the concert and working instead?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91529752

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