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xxTIMURxx [149]
4 years ago
15

You purchase a $30, nonrefundable ticket to a play at a local theater. Ten minutes into the show you realize that it is not a ve

ry good show and place only a $10 value on seeing the remainder of the show. Alternatively you could leave the theater and go home and watch TV or read a book. You place an $12 value on watching TV and a $8 value on reading a book. A.You should go home and watch TV. B.You should go home and read a book. C.You should stay and watch the remainder of the show. D.You should go home and either watch TV or read a book.
Business
1 answer:
soldi70 [24.7K]4 years ago
7 0

Answer:

A.You should go home and watch TV.

Explanation:

You should go home and watch TV because it is the activity that represents the highest value of the three.

It means that it is also the activity that has the lowest opportunity cost among the three, because any other alternative is less valuable to you.

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