Ted Got a Ticket to This Year's Super Bowl and Paid

question 248

Multiple Choice

Ted got a ticket to this year's Super Bowl and paid the face value of $1,000.His cousin offered him $3,000 for the ticket.Given this information, Ted's opportunity cost of this ticket is

• A)$1,000.
• B)$2,000.
• C)$3,000.
• D)$4,000.

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Definitions:

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