Multiple Choice
Jack has a ticket to see the Foo Fighters for which he paid $30 yesterday. He takes an unpaid day off from work to get ready for the concert. When he arrives at the concert, five different people offer him $70 for his ticket. Jack decides to keep his ticket. At the time he makes this decision, his opportunity cost of seeing the Foo Fighters is:
A) $30 plus his foregone earnings.
B) $40.
C) $70.
D) $70 plus his foregone earnings.
Correct Answer:
Verified
Correct Answer:
Verified
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