A friend offers you a free ticket to a concert, which you decide to attend.  The concert takes 4 hours and costs you $15 for transportation.  If you had not attended the concert, you would have worked at your part-time job earning $15 per hour.  What is the true cost of you attending the concert?

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter3: Benefits, Costs, And Decisions
Section: Chapter Questions
Problem 3.2IP: Concert Opportunity Cost 2 You were able to purchase two tickets to an upcoming concert for $100...
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A friend offers you a free ticket to a concert, which you decide to attend.  The concert takes 4 hours and costs you $15 for transportation.  If you had not attended the concert, you would have worked at your part-time job earning $15 per hour.  What is the true cost of you attending the concert?

 
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