Fred and Ann Are Both Given Free Tickets to See

question 131

Multiple Choice

Fred and Ann are both given free tickets to see a movie. Both decide to see the same movie. We know that

• A) both bear an opportunity cost of seeing the movie because they could have done other things instead of seeing the movie.
• B) both bear the same opportunity cost of seeing the movie because they are doing the same thing.
• C) it is not possible to calculate the opportunity cost of seeing the movie because the tickets were free.
• D) the opportunity cost of seeing the movie is zero because the tickets were free.

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Definitions:

Integrity

Completion, wholeness, and soundness; a quality of character requiring honesty and courage; a virtue necessary for trust; the most important quality desired in a leader. See values, honesty, and courage.

Adversity

Difficult or unfavorable conditions or situations that pose challenges to individuals or groups.

Personal Loss

An individual's experience of losing something significant in their life, which can include the death of a loved one, loss of a job, or end of a relationship.

General Electric

A multinational conglomerate corporation involved in various sectors, including aviation, power, renewable energy, and healthcare, among others.