State the value of 'x' in this equation, and explain why you know this to be true without doing any calculations.
1 answer:
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Answer:
The opportunity cost of going to see the Star Wars movie on Friday is $35.
Step-by-step explanation:
You won a free ticket to see the latest Star Wars movie this Friday night with a face value of $15.
Tickets to see your favorite band cost $30, and on any given day, you would be willing to pay as much as $50 for a ticket.
So, the opportunity cost of going to see the Star Wars movie on Friday =
dollars