Kevin is considering going to a rock concert. The ticket will cost him need to spend $3 on gas to drive to the venue and $8 on parking. It w hours to get there, attend the concert, and come back. If Kevin did no concert, he would work as a waiter at a nearby restaurant and earn $: What is Kevin's opportunity cost of attending the concert? (Enter a w e.g., 123.)

Kevin is considering going to a rock concert. The ticket will cost him need to spend $3 on gas to drive to the venue and $8 on parking. It w hours to get there, attend the concert, and come back. If Kevin did no concert, he would work as a waiter at a nearby restaurant and earn $: What is Kevin's opportunity cost of attending the concert? (Enter a w e.g., 123.)

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter2: Scarcity And Opportunity Costs

Section: Chapter Questions

Problem 14E

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