You go to the movieplex where movies ordinarily cost $9. You are intending to see a movie for which you have a $3 off coupon, which is good for only that movie at that time. However, when you get there you see a friend who asks if you would rather see a new release. Both movies start and end at the same time. If you decide to see the new release with your friend, what is your opportunity cost? a. The amount you value the first movie + $9 b. $3 c. The amount you value the first movie + $3 d. $9
You go to the movieplex where movies ordinarily cost $9. You are intending to see a movie for which you have a $3 off coupon, which is good for only that movie at that time. However, when you get there you see a friend who asks if you would rather see a new release. Both movies start and end at the same time. If you decide to see the new release with your friend, what is your opportunity cost? a. The amount you value the first movie + $9 b. $3 c. The amount you value the first movie + $3 d. $9
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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