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Category > Economics Posted 01 Jun 2017 My Price 5.00

Carmen bought a $125 ticket to attend the Outside Lands Music & Arts Festival

Carmen bought a $125 ticket to attend the Outside Lands Music & Arts Festival in San Francisco. Because it stars several of her favorite rock groups, she would have been willing to pay up to $200 to attend the festival. However, her friend Bessie invites Carmen to go with her to the Monterey Bay Aquarium on the same day. That trip would cost $50, but she would be willing to pay up to $100. What is her opportunity cost of going to the aquarium?

Answers

Alpha Geek
(8)
Status NEW Posted 01 Jun 2017 08:06 AM My Price 5.00

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Attachments

file 1496306253-2059461_1_636318728105111094_Opportunity-cost.xlsx preview (200 words )
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