You have two choices for how you are going to spend saturday evening. you can go to the pub with your friends, which will cost you £30 for the evening. the pleasure you anticipate from this experience is worth £50 to you. or you can go to the theatre. the ticket will cost you £50, but you value the experience at £60. based on this information, which of the following statements is correct? a. the opportunity cost of an evening at the theatre is £10. b. the economic cost of going to the theatre is £60. c. the economic rent of going to the theatre is -£10. d. based on economic rent alone, you would choose to go to the theatre.
Answers 2
Answer:
You have two choices for how you are going to spend saturday evening. you can go to the pub with your friends, which will cost you £30 for the evening. the pleasure you anticipate from this experience is worth £50 to you. or you can go to the theatre. the ticket will cost you £50, but you value the experience at £60. based on this information, which of the following statements is correct? a. the opportunity cost of an evening at the theatre is £10. b. the economic cost of going to the theatre is £60. c. the economic rent of going to the theatre is -£10.
d. based on economic rent alone, you would choose to go to the theatre
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Author:
jorgewashington
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Answer:
i will just simply sit in my home and watch tv or phone
Explanation:
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Author:
brutus34
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4