You are in a bookstore. Your benefit from a book, expressed in dollars, is $32. The price is $17. If you don't buy the book, you could watch a movie (the benefit from which you value at $27). The price of a movie ticket is $10. What is the opportunity cost of buying the book? Enter a number only, without the $ sign.

You are in a bookstore. Your benefit from a book, expressed in dollars, is $32. The price is $17. If you don't buy the book, you could watch a movie (the benefit from which you value at $27). The price of a movie ticket is $10. What is the opportunity cost of buying the book? Enter a number only, without the $ sign.

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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