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exis [7]
3 years ago
12

ECONOMICS: Opportunity Costs: Suppose on Friday night you have a choice to go either to a Katy Perry concert or a Lady Gaga conc

ert. You won a free ticket to see Katy Perry. You would pay as much as $200 to see Lady Gaga perform, but tickets to her show cost $100 . Assume that you end up going to the Katy Perry concert.
Since you went to the Katy Perry concert, you must be willing to pay at least $_____ to see Katy Perry.
Business
2 answers:
KengaRu [80]3 years ago
8 0
Since you went to Katy Perry concert, you must be willing to pay at least $100 to see Katy Perry. 
You desire to go to Lady Gaga concert and you are ready to pay as much as $200 to see her show, even though the entry ticket fee is $100. This implies that, you must be willing to pay at least $100 to see another show, if you decide to give up Lady Gaga show.
topjm [15]3 years ago
5 0

Answer:

This suggests merely, basically must be willing to pay at scarcest $100 to see another show up, in case you select to allow up Lady Gaga show.

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Over the last week, you had 50 customers who bought a total of 40 hotdogs at $2.00, 10 grilled cheeses at $4.00, and 5 cheesebur
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If the lowest-paid employee earned $15,000 a year, what would the maximum salary be for the highest-paid manager under the 7-to-
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