You Are Given a Ticket to a Bob Dylan Concert

question 185

Multiple Choice

You are given a ticket to a Bob Dylan concert with a face value of $50. You only value the ticket at $40, sell it to a friend for $40, and attend a U2 concert priced at $60. The opportunity cost of attending the U2 concert is:

• A) $20 worth of alternative goods and services.
• B) $40 worth of alternative goods and services.
• C) $50 worth of alternative goods and services.
• D) $60 worth of alternative goods and services.

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Definitions:

Bill Gates

Co-founder of Microsoft Corporation and a prominent philanthropist, known for his contributions to technology and global health initiatives.

Leadership Skill

The ability to inspire, influence, and guide others towards achieving collective goals.

Successful Leader

A successful leader is someone who can inspire and guide others towards achieving shared goals while demonstrating integrity, vision, and the ability to make tough decisions.

Assigning Work Effectively

The process of distributing tasks among team members or employees in a way that maximizes efficiency and leverages strengths.