Yu won a free ticket to see a bruce springsteen concert , Ask an Expert

Economics

You won a free ticket to see a Bruce Springsteen concert ( assuming the ticket has no resale value) U2 has a concert the same night, and this represents you next best alternative activity. Tickets to the U2 concert cost $80, and on any particular day, you would be willing to pay up to $100 to see this band. Assume that there are no additional cost of seeing either show. Base on the information, what is the opportunity cost of seeing Bruce Springsteen?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91704721

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