Question 3.docx - Question 3 Correct 2.34 points out of...

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Question 3 Correct 2.34 points out of 2.34 Flag question Question text You won a free ticket to see the latest Star Trek movie this Friday night (which you can costlessly resell for its face value of $15). Your favorite band is also performing on Friday and is your only alternative activity. Friday is your last chance to see either the movie or the band. Tickets to see your favorite band cost $30, and on any given day, you would be willing to pay as much as $50 for a ticket. Based on this information, what is your opportunity cost of going to see the Star Trek movie on Friday? Select one: a. $0 b. $30 c. $35 d. $50 Feedback The correct answer is: $35 Question 4 Correct 2.34 points out of 2.34 Flag question Question text Suppose the most you would be willing to pay for a plane ticket home is $250. If you buy one for $175, then your economic surplus is: Select one: a. $250. b. $175. c. $75. d. $0.
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Feedback The correct answer is: $75. Question 5 Correct 2.34 points out of 2.34
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