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It's Friday night. You already have a ticket to a concert, which cost you $30. A friend invites you to go out for a game of paintball instead. Admission would cost you $25, and you think you'd get $25 worth of enjoyment out of it. Your concert ticket is nonrefundable. What is your opportunity cost (in dollars) of playing paintball?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92756091

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