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Simon G.

asked • 09/26/20

what is the opportunity cost of going to the Hawks game?

Suppose you won a free ticket to see a Hawks hockey game -- the ticket has no resale value. The Bulls are also in town playing on the same night, and seeing them is your next-best alternative activity. Tickets to see the Bulls cost $60, and the most you would be willing to pay to see the Bulls is $75.  Assuming there are no other costs of going to either game, based on this information, what is the opportunity cost of going to the Hawks game? 

Group of answer choices


A. $15

B. $75

C. $0

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