(Answered) Suppose you got a gift certificate to attend a concert in

Economics

"Suppose you got a gift certificate to attend a concert in town. The price of admission is $40. You would be willing to pay $30 to see the concernt. Your neighbor offered to pay you $20 for the ticket. Instead, you gave it to me as a gift. How much did this gift cost you to give?"

A. $0(nothing)

B. $20

C. $30

D. $40

E. $50

F. $90

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Macroeconomics, Economics

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