(Answered) Suppose tickets for a regular seat at super bowl xxxvii

Management Studies

Suppose tickets for a regular seat at Super Bowl XXXVII cost just $500 when bought at face value (the cost at the box office). Scalpers (people who buy tickets at face value and sell them at higher prices), however, sell tickets for $2,000 or more. The opportunity cost of attending the Super Bowl with a regular ticket is:

Select the correct answer:

a) None of the other choices is correct.

b) the monetary price paid to obtain the ticket.

c) $2,000.

d) $1,500

e) 2,500.

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