Ellie purchased a ticket for the Kanye West concert for $15. She waited in line for an hour to buy that ticket. She hears that people from her school are offering $100 for each ticket. Assume she is not breaking the law by selling her ticket to someone else. In addition to what she might do with her time instead of going to the concert, what is the cost of her going to the concert? a $15 b $85 c $100 d $115
Ellie purchased a ticket for the Kanye West concert for $15. She waited in line for an hour to buy that ticket. She hears that people from her school are offering $100 for each ticket. Assume she is not breaking the law by selling her ticket to someone else. In addition to what she might do with her time instead of going to the concert, what is the cost of her going to the concert? a $15 b $85 c $100 d $115
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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INTR.39
Ellie purchased a ticket for the Kanye West concert for $15. She waited in line for an hour to buy that ticket. She hears that people from her school are offering $100 for each ticket. Assume she is not breaking the law by selling her ticket to someone else. In addition to what she might do with her time instead of going to the concert, what is the cost of her going to the concert?
a
$15
b
$85
c
$100
d
$115
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