A New Startup Airline Is Offering a Free Round-Trip Ticket

question 199

Multiple Choice

A new startup airline is offering a free round-trip ticket to Hawaii to the first 600 people who enter the airline's main office on the airline's first day of business.You arrive 24 hours before it is scheduled to open to be sure to get the free ticket,and you buy food from vendors while waiting in line.You successfully obtain the ticket.What was the cost to you for obtaining the ticket?

• A)zero
• B)the cost of food while you wait in line
• C)the cost of food while you wait in line and the opportunity cost of your time spent in line
• D)the actual value of the ticket

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Definitions:

Bungee Jumping

An adrenaline-fueled activity involving jumping from a high place while connected to a large elastic cord.

Craze

A widespread emotional connection to a cultural phenomenon.

Fad

A trend or craze that becomes popular for a short period of time before losing its appeal.

Trend

A general direction in which something is developing or changing, often used to describe shifts in societal preferences, technology, or markets.