Question

Suppose tickets for a regular seat at Super Bowl XXXVII cost just $500 when bought at face value (the cost at the box office). Scalpers (people who buy tickets at face value and sell them at higher prices), however, sell tickets for $2,000 or more. The opportunity cost of attending the Super Bowl with a regular ticket is:a.2,500.b. None of the other choices is correct.c. $2,000.d. $1,500e. The monetary price paid to obtain the ticket.

Answer 1

Answer:

e. The monetary price paid to obtain the ticket.

Explanation:

The opportunity cost represent the best rejected alternative of the resources used.

If a person goes to the Super Bowl, the opportunity cost is any other entertainment show it renounce to see and any other use of the 500 dollar it used to acquire the ticket.