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:

Employer's Cost

The total expenses incurred by employers to compensate employees, including wages, benefits, taxes, and insurance.

Picket Line Misconduct

Unacceptable or illegal actions committed by individuals participating in a picket line, typically during a labor strike.

Criminal Prosecution

The process by which a person is formally charged with a crime by a governmental body and brought to trial.

Waiver of Due Process

The voluntary surrender of an individual’s legal rights to procedural protections in a legal or disciplinary process.