You and a friend decide to spend $100 each on concert tickets Each of you altern

Question

You and a friend decide to spend $100 each on concert tickets Each of you alternatively could have spent the $100 to purchase to the concert, your friend tells you that it she had not bought the concert ticket, she would have opted for a restaurant meal, and you reply that you otherwise would have downloaded several movies. The relevant opportunity costs for you and your friend of the concert tickets that you purchased are a textbook, a meal at a highly rated local restaurant, or several internet movie downloads. As you are on the way O A. internet movie downloads for you and a meal at a highly rated local restaurant for your friend , a textbook a meal at a highly rated local restaurant, and several internet movie downloads for you and a textbook, a moal at a highl rated local restaurant, an O C. Any one of the tollowing for you and your friend a meal at a highly rated local restaurant, several internet movie downloads or a textbook O D. $100 for you and $100 for your friend. d several internet movie downloads for your friend

Explanation / Answer

Solution -

Option A. internet movie downloads for you and a meal at a highly rated local restaurant for your friend. is Correct Answer.

Reason -

The opportunity cost is $ 100 spent on a friend ticket, the cost of the next-highest-valuable recent worthwhile option, for which your friend has had a restaurant meal that could otherwise be purchased and purchased for you which movies you could otherwise purchase ticket

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